Which economic policy introduced by the Buhari regime had a significant impact on Nigeria's foreign...

History

JAMB 2024

Which economic policy introduced by the Buhari regime had a significant impact on Nigeria's foreign exchange market?

A. Export promotion
B. Countertrade
C. Structural Adjustment Program (SAP)
D. Import substitution industrialization

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Correct Answer: Option C

Explanation

The economic policy introduced by the Buhari regime that had a significant impact on Nigeria's foreign exchange marke was the Structural Adjustment Program (SAP). SAP aimed to restructure the economy through liberalization, privatization, and deregulation, impacting various sectors including the foreign exchange market.

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