The Structural Adjustment Programme was introduced by the

The Structural Adjustment Programme (SAP) was introduced by the Babangida regime in Nigeria. SAP was a set of economic policies introduced by the International Monetary Fund (IMF) and the World Bank, which were aimed at restructuring the economies of developing countries. The Babangida regime adopted SAP in 1986 as a response to the economic crisis that Nigeria was facing at the time. The program was aimed at reducing government spending, increasing exports, and attracting foreign investments. SAP involved devaluing the Nigerian currency, removing subsidies on essential goods, and increasing the prices of fuel and electricity. It also involved privatizing government-owned companies and reducing the size of the civil service. The implementation of SAP in Nigeria was met with protests and criticisms from labor unions and civil society groups, who argued that the policies were too harsh and caused hardship for ordinary Nigerians. Nevertheless, SAP remained in place for several years and had a significant impact on the Nigerian economy.