EFFECTS OF STRUCTURAL ADJUSTMENT PROGRAMME ON ACCOUNTING PRINCIPLES
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- NGN 5000
STATEMENT OF THE PROBLEMS
This research work tends to give an appraisal on the effect of the SAP on accounting principle. Exchange rate devaluation was considered a setback in the progress of the SAP. Therefore the under listed problem was discovered: 3 i. Over emphasis on the restoration of balance of payment ii. Undermine the economy and limit its role for socio-economic intervention through a fixation on deregulation, privatisation and instability of the economy in the name of “free market” iii. Exacerbate the disparities between rich the poor by facilitating income concentration by the wealthy and the exclusion of the poor from decisions and control over resources. iv. Lack of transparency, accountability and public participation in their design and implementation. v. Make many necessities inaccessible to local people as currency devaluations drastically reduce buying power in local wages.
OBJECTIVES OF THE STUDY
This study aims to find out the objectives which include; i. To find out how adopting a more just and equitable approach to resolving the debt crisis can restore the balance of payment ii. To find out how to increase the role of socio-economic intervention through governmental control and stabilize the economy by eliminating free market trade through inflationary measures like naira devaluation. iii. To determine what causes inequality in the distribution of income between the classes of individuals and why the poor are excluded from resources control and decisions. iv. To find out why there is lack of transparency and accountability in SAP designs and implementations. v. To evaluate on the inaccessible necessities of the rural migrants caused by currency devaluation which decreases the naira value?
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