The objectives and strategy of the Economic Recovery Programme(ERP) or Structural Adjustment Programme (SAP) in the West Africaneconomy are examined, focusing on the disastrous…
Abstract
The objectives and strategy of the Economic Recovery Programme (ERP) or Structural Adjustment Programme (SAP) in the West African economy are examined, focusing on the disastrous effects on library materials acquisitions. The causes of foreign exchange scarcity and reasons for the poor performance of libraries in acquisitions under the ERP/SAP are explored. A strategy for sustaining acquisitions in austere times is suggested, concluding with a warning against the marginalisation of education and the library service.
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In the past decade, most countries in the West African subregion have been caught in an economic stranglehold, with foreign exchange scarcity, capital flight, and general…
Abstract
In the past decade, most countries in the West African subregion have been caught in an economic stranglehold, with foreign exchange scarcity, capital flight, and general financial hardship the status quo. The member nations of the Economic Community for West African States (ECOWAS) have tended to adopt similar policies in their attempts to repair their battered economies, with similar results. In Nigeria, one ECOWAS member, the various economic stabilization measures had the unfortunate side effect of stagnating social services, particularly in the area of education and library services.