A STUDY OF THE INTERNATIONAL MONETARY FUND (IMF) AND UNDER DEVELOPMENT IN NIGERIA
Abstract
ABSTRACT
This study examined the multifaceted impact of International Monetary Fund (IMF) interventions on Nigeria's economic development. It focused on the case study of Nigeria during the BabangidaRegime(1985-1993). The research analyzed the effects of IMF policies and programs on key economic indicators, including GDP growth, inflation, unemployment, and external debt. It dived into the inherent challenges and criticisms associated with the IMF's involvement in the Nigerian economy, and particularly assessed the socio-economic ramifications of its conditionalities, such as Structural Adjustment Programs (SAPs). Furthermore, the study investigated the intricate relationship between Nigeria's reliance on IMF assistance and its pursuit of long-term economic sustainability. By addressing these objectives, this research provided a comprehensive understanding of the complex dynamics between foreign aid, IMF interventions, and the trajectory of economic development in developing countries, using Nigeria as a critical illustrative case.
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