Galloping inflation, the controversial privatisation programme and austerity measures imposed by his administration caused the ruling party to lose ground, leading up to the controversial elections of 1988.
In the future, privatisation proceeds will be invested in corporate assets around the world, generating income and obtaining access to technology and expertise.
The process of privatisation of the nationalised industries was associated with the marked performance and improvement, especially the terms of labour productivity.
Preparations for privatisation and/or sector liberalisation are underway for the remaining parastatal enterprises, including telecommunications, energy, ports, and railways.