GOVERNMENT

JAMB 2007 - Question 46

Government 2007 JAMB Past Questions - Question 46: The Structural Adjustment Programme was introduced by the

Choose the correct answers from the options given.
The Structural Adjustment Programme was introduced by the
A:
B:
C:
D:
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Correct Answer

A

Explanation

Thestructural Adjustment Programme was introduced by the Babangida Regime. The aim wasto revamp the ailing economy of Nigeria. The Structural Adjustment Programmer (SAP) came into effect on Friday, 27th June 1986. That wasafter Nigeria declared a state of economic emergency in October 1985. Implementation Of SAP Someof the ways are as follows:1 Devaluation of naira.2. Privatization of Governmententerprises.3. Reschedulingof external debts.4. Establishmentof the National Directorate of Employment (NDE) and the Directorate of Foods,Roads and Rural Infrastructure (DFRRI)5. Withdrawalof subsidies from petroleum products6. Promotionof domestic production of goods7. Deregulationof interest rates.8. ExportPromotion9. CivilService ReformsAims And Objectives Of SAP 1. Reductionof oil-dependency2. ReduceImports 3. Diversify the productive base.4. Reduce the burden on debt 5.Foster non-inflationary growth.6. To secure more realistic exchange rate fornaira.7 Toincrease employment opportunities