Globalization, Public Policy and Poverty in Nigeria: 1985 to 2005

Globalization of public policy in Nigeria has occasioned the introduction of structural adjustment to the Nigerian economy. This was based on the International Monetary Fund (IMF) and World Bank "conditionality". The result has been a worsened poverty situation under which the people are subjected. The Nigerian leadership needs to understand that the jettisoning of the public policy regime for the market regime does not serve the needs of a dependent economy such as ours. It is not sufficiently competitive to gain from the extant global market that international financial institutions (IFIs) advocate.