About us
1979–1983 · Civilian
The party ends: the oil money runs short, and the government cuts imports and travel money overnight.
32/100 Draft
| Indicator | Measured | Score |
|---|---|---|
| Inflation | 15.42% a year on average | 65 |
| Growth | -6.66% a year on average | 0 |
| Naira stability | Official rate 0.5468 -> 0.7244 (₦ per $); 9.83% a year | 61 |
| Public debt | WDI external debt/GDP (not comparable with the IMF general-government series): 13.9 -> 18.1% of GDP; 1.39 pp a year | 32 |
| Reserves | 1.01 months of imports at the end | 0 |
Evidence: method, Pillar A · sources
Challenge this score1.5/4 (37.5/100) Draft, open for public review
1.5/4 (Q1 0; Q2 0; Q3 1; Q4 0.5). Central-bank-financed deficits and a 64-70% parallel premium. The Green Revolution lasted, but budgets were cut mid-year by the 1982 Act.
Avoided central-bank financing of deficits beyond the legal limit? 0
No. The deficit was financed by central-bank credit: credit to government rose by over 70% from early 1983 to end-1984 (World Bank 1994, para 6.22). [WB_SAP_PARAS]
Avoided multiple official exchange rates and a large, persistent parallel premium? 0
No. Parallel premium 63.6% (1980) and 70.1% (1982) (CBN Bullion). Import licences were used to ration FX. [CBN_BULLION_2006] [NN_AUSTERE_1982]
Major announced reforms survived 12+ months without reversal? 1
The Green Revolution (May 1980) ran to the end of the government. The 1982 Stabilisation Act was temporary by design. [nn800523] [NN_AUSTERE_1982]
Budgets broadly implemented as passed? 0.5 Disputed
Disputed. Budgets were cut mid-year by the 1982 Economic Stabilisation (Temporary Provisions) Act, and states reported collapsing finances (Kano 1982). These were legislated changes rather than plain non-execution. [NN_AUSTERE_1982] [YB1982_KANO]
Evidence: method, Pillar B · sources
Challenge this score1/4 (25/100) Draft, open for public review
1 durable reform.
Evidence: method, Pillar C · sources
Challenge this score
