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Small and Medium Enterprise Development Under the Structural Adjustment Programme in Nigeria

In: Perspectives on Industrial Development in Nigeria

Author

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  • Oyeyemi Adegbite

    (Enterprise Consultancy Services)

Abstract

The focus of this chapter is on small business and entrepreneurship development in Nigeria under the Structural Adjustment Programme (SAP) over the 10-year period from 1986 to 1996. Following the collapse of the international market for crude oil in the early 1980s, the Nigerian economy deteriorated rapidly, arising from the fact that the oil sector accounted for over 90% of foreign exchange earnings and the bulk of government revenue. The decline in the national economy was accompanied by negative GDP growth, huge external debt in excess of $30 billion, low capacity utilization in industry and general economic gloom.

Suggested Citation

  • Oyeyemi Adegbite, 2021. "Small and Medium Enterprise Development Under the Structural Adjustment Programme in Nigeria," Advances in African Economic, Social and Political Development, in: Perspectives on Industrial Development in Nigeria, chapter 0, pages 267-283, Springer.
    • Handle: RePEc:spr:aaechp:978-3-030-84375-5_11
    DOI: 10.1007/978-3-030-84375-5_11
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