International records / OpenAlex research

Optimising Macro-Economic Investment Decisions: A Lesson from Nigeria

Economic crisis in Nigeria started in the early 1980s and led to a rethink of the developmental strategy of Nigerians. This rethinking gave birth to the Structural Adjustment Programme (SAP) adopted in 1986 and packaged in accordance with the neoclassical economic paradigm. SAP was targeted at reducing the dominance of unproductive investment in the public sector, improving the sector’s efficiency, enhancing the growth potential of the private sector and subsequently restoring non-inflationary and sustainable economic growth. In this paper, the reduced-form equation of the recursive model is r…