Seven Years of IBB Vol.2: The Economy
Date
1993
Journal Title
Journal ISSN
Volume Title
Publisher
Lagos state:The Daily Times of Nigeria PLC
Abstract
The economic situation pre-August 1985; Structural Adjustment Programme (SAP) aims, objectives and rationale; The structural adjustment program: Implementation, its gains, and losses; Agriculture and rural development under the Babangida administration; Industrial development and production, including small-scale activities; Oil in Nigeria's economy; Post military Nigeria the next economic agenda.
Description
History is a product of continuous interaction between man and the environment. Seven years is nothing much in the life of a nation particularly one with the size and complexity of Nigeria. But a seven-year period during which fundamental assumptions were challenged and modified when phenomenal changes were effected in Nigeria's social, economic, and political scene, and during which issues hitherto reserved for the esoteric class, corporate bodies, and campus eggs heads became subjected to public debate and reactions deserve to be carefully documented and rationally analyzed. The 1985-92 period will be a fascinating subject in Nigeria's history books. Historians and social scientists will find the sheer weight and volume of decisions taken, their immediate and lasting effect on the country's outlook, economy, and body politic too attractive to ignore. Even before the Babangida regime signed off, the men who captained the ship stated the policies they enunciated, the implementation, and the intended and accidental consequences were already being studied.