Occasional Papers

Nigeria: Experience with Structural Adjustment

Publication Date:

April 4, 1997

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. 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.

Series:

Occasional Paper No. 1997/002

Subject:

Agricultural commodities Commodities Demand for money Exchange rates Expenditure Exports Foreign exchange Inflation International trade Prices Public investment spending