ABSTRACT:

In this paper our attempt is to insist that there is need for a re-conceptualization of our educational system contrary to the one prescribed by World Bank and IMF through Structural Adjustment Programme(SAP). A World Bank and IMF instigated policy has had a toll on our economy and has made nonsense of our educational efforts. It has robbed us of educational freedom, building up of infrastructure, recruitment of competent teachers and the articulation of a worthwhile educationalpolicy that will drive development in our country. Our position is that if we are going to make any progress at all, we have to review all the recommendations suggested by IMF. Our educational
system must be tailored to meet our indigenous needs and challenges.