ABSTRACT
The magnitude of economic problems Nigeria faced in the past three decades stimulated its leaders to look for solutions. These national predicaments were due to increasing balance of payment deficits, rising inflation rates, low technological base, maladministration of resources, growing foreign debt burden, lower agricultural growth rates and an oil glut on the world market and declining oil revenue. Petroleum had been the major source of revenue for this fledgling nation since its independence. Under pressure from the World Bank and the International Monetary Fund (IMF) the military government adopted a series of structural adjustment programs (SAP). Among the policies was one directed specifically toward the development of indigenous technology in the private sector? It is this policy that the military government called the SAP/Make-or-Buy policy.
