Structural Adjustment Programme (SAP) Nigeria
Did you sell the SAP idea to the Babangida’s government? I was then the Managing Director of Nigerian Merchant Bank. I retired from the civil service, five years earlier as permanent secretary. On January 29, 1986, six weeks after that broadcast, President Babangida appointed me as Secretary to the Federal Government. These clarifications are very necessary because many people thought SAP was brought into the government by me, No! It was introduced and announced by Babangida on December 18, 1985 when I was not even in government. I came into government six weeks later. However, being an economist, a banker and a former director of economic planning for Nigeria and as the SFG, it was often my duty after cabinet meetings, to announce the decisions taken and to explain, where necessary and defend the decisions taken. That was how people saw me as the author of SAP. But because it was in consonance with what me, as a professional economist and banker. I had no difficulty in supporting i...