Economic and Financial Review


Central Bank of Nigeria


Less-developed Countries, Structural Adjustment Programme, SAP


This paper is a review of the impact of Structural Adjustment Programme (SAP) on the economies of ten less developed countries (LDCs). It analysed the performance of some selected macroeconomic variables both before and after SAP was adopted in the selected countries. Based on available data, the several and collective lesson of experience confirmed that the impact of SAP varied not only amongst countries, but also within the various sectors in the same economic entity. Overall, it may be concluded that the broad theoretical objective of SAP was achieved mainly on the external sectors of the countries surveyed, while it tended to have less salutary effect on the domestic sectors of the selected LDCs.

Author Bio

Dr. O. J. Nnanna is a Senior Economist in the Research Department of the Central Bank of Nigeria.

Publication Title

CBN Economic and Financial Review





Recommended Citation

Nnanna, O. J. (1987). A General Survey of the Experiences of Some Less-Developed Countries (LCDs) under the Structural Adjustment Programme (SAP). CBN Economic and Financial Review. 25(4), 39-47.



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