When the Structural Adjustment Program (SAP) was introduced in September 1986, it had three major components.

These were devaluation of the nations currency against other convertible currencies; deregulation of the nations economy to allow unfettered access of foreign services and goods; and privatization of government-run enterprises for improved productivity and increased efficiency. Other elements of SAP include the withdrawal of subsidy in social services such as education, health and agricultural inputs as well as prices of petroleum products and the retrenchment of public sector workers in the name of reform. The program was introduced at the tail end of the cold war. With the breaking of the Berlin Wall which saw the reunification of Germany and the disintegration of the former Soviet Union, the stage became set for what is now referred to as globalization which, in simple terms, means the triumph of Western liberal democratic and free enterprises values over other systems. It turned out to be the triumph of unlimited global domination by the US without corresponding obligation to put the world on the path of safety, security and sustainable development. For instance, before this system, Nigeria had a vibrant middle class that served as a safety valve between the few rich and the majority who are poor. The competition to go up is now more cut-throat because the consequences of going down is better left to imagination. Another simple indicator is that there is more poverty and more companies are closing than opening since the advent of this globalisation. There is no visible or any tangible benefit of globalisation here and I have many urgent, cogent and tangent reasons for saying so. Accumulation of capital by private individuals or corporate bodies is not bad at all, especially if one can use his or her talent, skills and creativity to do that. The fact that Nigerians are excelling in various fields across the world clearly proves that giving a conducive and enabling environment even the sky is not a limit for us. The Niger Delta is now an area full of small arms and light weapons with little or no regard for any authority, leader or elder. The result of privatised terror.