{
  "title": "Nigeria: Experience with Structural Adjustment",
  "publication": "Occasional Papers, April 4, 1997",
  "sourceUrl": "https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/nigeria-experience-with-structural-adjustment-2157",
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  "summary": "Over the past two decades, Nigeria has not reaped fully the benefits of its national wealth despite its efforts at structural adjustment. This paper concludes that the facts do not justify the negative image that structural adjustment has had in Nigeria.",
  "sections": [
    {
      "heading": "Summary and principal conclusion",
      "content": "- Over the past two decades, Nigeria has not reaped fully the benefits of its national wealth despite its efforts at structural adjustment.\n- The paper concludes that the facts do not justify the negative image that structural adjustment has had in Nigeria.\n- Vigorous market reforms and tight financial policies had resulted in economic growth and employment expansion, but they were abandoned too soon to have sustained benefits."
    },
    {
      "heading": "Findings and policy-relevant observations",
      "content": "- Vigorous market reforms and tight financial policies were associated with:\n  - Economic growth.\n  - Employment expansion.\n- The premature abandonment of those reforms interrupted the realization of sustained benefits.\n- The paper characterizes the prevailing public perception of structural adjustment in Nigeria as negative but finds that the empirical facts do not support that negative image."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subject: Agricultural commodities, Commodities, Demand for money, Exchange rates, Expenditure, Exports, Foreign exchange, Inflation, International trade, Prices, Public investment spending\n- Keywords: Agricultural commodities, demand equation, economy, Exchange rates, expansionary fiscal policy stance, Exports, Inflation, oil economy, OP, Public investment spending, reform effort, savings-investment balance, Sub-Saharan Africa, U.S. dollar, West Africa\n\n---\n\n\nSource: https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/nigeria-experience-with-structural-adjustment-2157"
    }
  ],
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    "[Markdown version](/en/publications/occasional-papers/issues/2016/12/30/nigeria-experience-with-structural-adjustment-2157/index.md)",
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    "Published: April 4, 1997",
    "Series: Occasional Papers",
    "DOI: https://doi.org/10.5089/9781557756305.084",
    "Over the past two decades, Nigeria has not reaped fully the benefits of its national wealth despite its efforts at structural adjustment.",
    "The paper concludes that the facts do not justify the negative image that structural adjustment has had in Nigeria.",
    "Vigorous market reforms and tight financial policies had resulted in economic growth and employment expansion, but they were abandoned too soon to have sustained benefits.",
    "Vigorous market reforms and tight financial policies were associated with:",
    "The premature abandonment of those reforms interrupted the realization of sustained benefits.",
    "The paper characterizes the prevailing public perception of structural adjustment in Nigeria as negative but finds that the empirical facts do not support that negative image.",
    "Subject: Agricultural commodities, Commodities, Demand for money, Exchange rates, Expenditure, Exports, Foreign exchange, Inflation, International trade, Prices, Public investment spending",
    "Keywords: Agricultural commodities, demand equation, economy, Exchange rates, expansionary fiscal policy stance, Exports, Inflation, oil economy, OP, Public investment spending, reform effort, savings-investment balance, Sub-Saharan Africa, U.S. dollar, West Africa"
  ],
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}