Structural Adjustment Programme 1986: This conversation explores the economic situation in Nigeria following the sharp increase in oil revenues during the 1970s, which led to a period of overspending and economic instability.
This conversation explores the economic situation in Nigeria following the sharp increase in oil revenues during the 1970s, which led to a period of overspending and economic instability. The discussuion outlines the structural adjustment programme that Nigeria adopted in 1986, which aimed to stabilise the economy and reorient production towards a more competitive, export-oriented model. The programme involved key reforms such as a shift to a market-determined exchange rate, liberalisation of trade restrictions, and a tightening of monetary policy. The document assesses the impact of the programme on various sectors of the economy, highlighting both positive and negative consequences, and concludes that the success of the programme will depend on the continued implementation of reforms and a commitment to sustainable economic growth.
Structural Adjustment Programme 1986
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fast_forward00:00:10 - We're diving into Nigeria's journey in the 70s and 80s
fast_forward00:02:43 - So what did this structural adjustment look like in practice?
fast_forward00:09:43 - internal political pressures, global economic downturns, you name it. It's a lot to navigate, even for the most experienced captain
fast_forward00:11:29 - easy to get caught up in those headlines about economic growth, but what we've learned today is that true economic stability,
fast_forward00:12:29 - the human impact of those policies
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