analyzing the socio economic impact of the
These types of have left most SSA countries with severe balance of payments (BOP) disequilibria and an inability to support their debts to international bodies. In an effort to tackle the economic downturn and to induce economic restoration, most Africa countries was required to adjust and re-structure their economies. In respect to Dasgupta (1998), structural adjustment was seen as a reality of existence. Thus inside the 1980s, most African countries initiated economical policies that were sponsored by the World Lender and supplemented by the International Monetary Fund(IMF) in the form of stabilisation and strength adjustment programmes (SAP).
Between Summer 1986 and July 1987 alone twenty one SSA countries went through Universe Bank/IMF SYSTEMS APPLICATIONS AND PRODUCTS. Generally, SAPs entail policies designed by the world Bank/IMF geared towards improving the socioeconomic circumstances of putting into action nations by simply restoring financial stability and achieving long term progress through responding to structural weakness, and disequilibria in and the like government finances and external sector. Even more precisely, they will involve the adoption and implementation of policies including currency devaluation, trade liberalization, privatization, and removal of subsidies etc .
hich are perceived as ways of reversing the pervasive cultural and economic problems of developing countries. There has been a great deal of literature within the effects of SAP measures on less produced countries (LDCs) with no obvious consensus. On the other hand, international banks (IFIs) keep that SAPs are essential tools to get economic recovery and eco friendly economic development. On the other hand, many economists and social researchers argue that SAP measures have got led to recessions and poor standards of living in developing countries (Jauch 1999).
As a result, the affects of SAPs remain highly controversial. Despite the fact that there are disparities as to the specific effects of SAPs, it is generally accepted they own far reaching ramifications for not the particular macroeconomic environment of the countries concerned although society in particular (Mosley and Weeks, 93, Riddle, 1992, Stein, 1992, El-Tom, 1994, World Traditional bank, 1994). It is against this qualifications that this feuille attempts to analyze and analyse the effects of SYSTEMS APPLICATIONS AND PRODUCTS on the Nigerian economy.
Picking out Nigeria as a case study is caused by the fact that this has implemented one of the most major structural modification programmes in Africa. As a result the question which will posed can be, what effects if any has SAP had on the Nigerian economy. Before we proceed, it must be emphasised this dissertation subsumes IMF stabilisation programmes below World Traditional bank structural realignment programmes. The explanation for this is the two programs are connected and this is carried out also for simplicity.. 2 Aims and Objectives This paper aims to explore the role SAP has played out in the Nigerian economy. The objective with the project should be to offer a better understanding as to why, what and just how structural realignment program in Nigeria evolved. The main focal point is to inspect the foundation for and causes of the reconstructs, formulation and implementation techniques, and the reform outcomes. The precise objectives with the dissertation happen to be as follows: Initially, to provide a better understanding of the background to the economic crises in Nigeria that led to SYSTEMS APPLICATIONS AND PRODUCTS * Second, to describe the aims of SAP and the reconstructs implemented by Nigerian federal government * Third, to examine the macroeconomic and social consequences of implementing SAP in Nigeria 1 . several Methodology and data To gauge the effects of SAP on the Nigerian economy, the dissertation applies so-called ‘before-after approach’ which its importance compares the values of selected factors in the period before a program is executed to those of post-implementation.
This approach has been one of the most widely used the moment evaluating SAP. One of the main features of the way is that it could give a tip into whether structural modification improved essential economic indications. The major disadvantage of the method employed in this kind of paper is the fact it takes on that all outcomes are the reaction to the program itself and so does not take into account the impacts of others factors. Another limitation is that it does not expose the causes of variable changes.
Yet , in spite of the simple fact that the before-after approach may well have some degree of bias as an evaluation procedure, this nevertheless, offers inherent objectivity and is easy to employ. The dissertation depends on secondary data ” generally World Expansion Indicators. Additionally , various government publications happen to be utilised. In the matter of Nigeria, the lack of data as well as the quality of information available had a major restriction on the analyze. The data had been often located to be not available and there were discrepancies in the different data sources.
1
