Good and Bad leaders will come and go, but IBB want to stay, His structural adjustment program was a total failure and Nigerians should wake up and put this man behind KIRIKIRI jail
Structural Adjustment Programs (SAP) are loans from the IMF given to a nation with certain conditions. Nations are required to follow these conditions for approval of the loan. These conditions are technically known as "conditionalities".
Some of the conditions commonly are:
Cutting social expenditures, also known as austerity,
Implementing user fees in basic services such as education and health,
Focusing economic output on direct export and resource extraction,
Devaluation of overvalued currencies,
Trade liberalization, or lifting import and export restrictions,
Increasing the stability of investment (by supplementing foreign direct investment with the opening of domestic stock markets),
Balancing budgets and not overspending,
Removing price controls and state subsidies,
Privatization, or divestiture of all or part of state-owned enterprises,
Enhancing the rights of foreign investors vis-a-vis national laws,
Improving governance and fighting corruption.