Structural Adjustment Programs

Because Nigeria was suffering and not able to support the members living in their countries, the World Bank and IMF stepped in and tried to help pay off some of their debts with Structural Adjustment Programs or SAPs. Although this seemed like they were going to help aid the country, they ultimately just ended up hurting the country. The SAPs dictated how the money they gave the country would be used. The SAPs made a law that only a certain amount of the money they gave them could be put towards education. Because of this discrimination against the countries education, Nigeria spent 33% less money on each student. When the education rate declines, the economy then suffers in the long run. The SAPs caused the country to suffer greatly and although there was short-term success, in the long run the country ended up being worse off.