Nigeria: Experience with Structural Adjustment

International Monetary Fund

No 1997/002, IMF Occasional Papers from International Monetary Fund

Abstract: 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. 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.

Keywords: OP; U.S. dollar; economy; savings-investment balance; reform effort; expansionary fiscal policy stance; demand equation; Agricultural commodities; Exports; Inflation; Exchange rates; Sub-Saharan Africa; West Africa; oil economy; Public investment spending (search for similar items in EconPapers)
Pages: 114
Date: 1997-04-04
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Citations: View citations in EconPapers (5)

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