From SAP to Self-Reliance: How Nigeria is Rebuilding with Purpose
From SAP to Self-Reliance: How Nigeria is Rebuilding with Purpose Written by Adeboye Prince Adetu Ibrahim Babangida Ernest Shonekan President Bola Hamed Tinubu and Okonjo Iweala Once again, foreign voices are advising Africa—this time on taxation. Some commentators claim high taxes here are just for show, to appease foreign lenders while impoverishing our people. But this view ignores a deeper truth: the lasting harm of externally imposed policies, and Nigeria’s bold, homegrown efforts to repair the damage. I speak from lived experience—and from watching history unfold in real time. It was 1986 when President Ibrahim Babangida announced the Structural Adjustment Programme. In those days, I read the newspapers daily expecially the evening times which was cheaper than the morning newspapers then, trying to grasp the forces reshaping our nation. I remember a report where Ernest Shonekan—then Managing Director of UAC, a conglomerate formed by the British—was asked at Lagos airpo...