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THE CHALLENGES OF EFFECTIVE PRIVATIZATION OF PUBLIC ENTERPRISES IN NIGERIA

ABSTRACT

This project titled “ The challenges of Effective Privatization of Public Enterprises in Nigeria using  Nigeria Telecommunication in Limited NITEL Limited, Enugu  is aimed at determining how privatization could lead to societies of Nigeria’s effective public enterprises in Nigeria. The fact that transferring non-performing public enterprises to the private sector would eliminate corruption mismanagement, improve efficiency and technology under serves the significant of the study, as fund, that would have been committed to maintenance of otherwise inefficient enterprise have been free into more productive sector of the economy. In the course of the study, hypothesis was tested using chi-square (X2).  A sample size of 150 respondents was used.  Distribution of questionnaire to these sample sizes was by a simple random sampling, it was discovered that gave support for privatization enterprises like NITEL to improve efficiency as a way of solving our economic problem. It was recommend among other things that government should device a means that would enable the poor one to buy share in the enterprises being privatized.  In view of what has been achieved by the study.  It was concluded that it will implemented, privatization would lead to our economic recovery.

TABLE OF CONTENT

CHAPTER ONE:

INTRODUCTION

1.1              Background of the study                                                                   

1.2              Statement of the problem                                                                 

1.3              Objectives of the study                                                                     

1.4              Significance of  the Study                                                    

1.5              Scope of the study                                                                            

1.6              Limitations of the Study                                                                    

1.7              Research Questions                                                               

1.8              Research Hypothesis                                                              

1.9              Definitions of the Study                                                                   

References

CHAPTER TWO:

REVIEW OF LITERATURE                                                                               

2.1              Historical Perspective                                                                                   

2.2              Characteristics of Privatization                                                                     

2.3              Virtues and Importance of Privatization                                          

2.4              Challenges of Privatization                                                               

References

CHAPTER THREE

RESEARCH DESIGN AND METHODOLOGY

3.1              Research Design                                                                                           

3.2              Areas of the Study                                                                                        

3.3              Population of the Study                                                                                

3.4              Sample Size Determination                                                               

3.5              Research Instrument Used                                                                 

3.6              Validity and Reliability of Instruments                                            

3.7              Method of Data Analysis                                                                              

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

4.1              Presentation of Data Analysis                                                                      

4.2              Testing of Hypothesis                                                                        

CHAPTER FIVE

DISCUSSIONS, RECOMMENDATION AND CONCLUSION

5.1              Discussion of Result Findings                                                                      

5.2              Conclusions                                                                                                   

5.3              Recommendations                                                                                        

References

Appendix

CHAPTER ONE

1.0    INTRODUCTION

1.1    Background To The Study

        Public enterprises were established, to enhance Nigeria’s socio economic development, especially after independence in 1960. The major concern in this regard had been to accelerate development and economic self-reliance through “economic nationalism”. Public enterprises thus reflect one of those instruments by which government intervenes in economic development rather than allow market forces to dictate the pace of development. According to Ayodele (2004), Nigeria relied heavily upon public enterprises, up to themed-1980s, for the development, management and allocation of utilities and social services.

        They were seen as major instruments not only for the mobilization and allocation of public investment resources, employment generation and income redistribution, but also for determining government finances and the acceleration of overall economic development.

        Adeyemo (2005), reflecting Turkey, Mexico, India and Nigeria, noted that the establishment of public enterprises was premised on what he considered as obstacles to economic development in the past-independence states. It is also instructive to note that in Nigeria like many developing countries, public enterprises are used as employers of last resort. According to Hemmina and Mansor (1988), states owned enterprises enable government to pursue goals of social equity that the market ordinarily ignores. Similarly, Ugorji (1995) observed that public enterprises had been established for political reasons. Many government undertakings were used to provide jobs for constituents, political allies and friends. The location of public enterprises and the distribution of government employment have further been defended on the need to maintain federal character and promote national integration.

        Other factors that accelerated the growth of Nigeria’s public sector were the indigenization policy of 1972 as enacted by the Nigerian Enterprises Promotion Decree. It was designed to control the commanding heights of the economy. The policy further provided the much needed legal basis for extensive government participation in the ownership and control of significant sectors of the economy.

        According to Adesanmi (2011), the government, set up the Bureau of Public Enterprise (BPE) to privatize and commercialize, as the case may be, public enterprises with the objective of reducing or eliminate the drain on public treasury. It also seek to reducing corruption, modernize technology, strengthen domestic capital markets, promote efficiency and fiscal deficit, resolve massive pension funding problems, broaden the base of ownership of business. Other include generating funds for the treasury, promoting governance, attracting foreign involvement and attract back flight capital. Whether the BPE has met and realized these objectives is a matter that is open for debate.

1.2    Statement of the Problem

          Recent time in Nigeria, there has been a policy to privatization of public enterprises. This was aimed at enhancing their level of productivity and ensuring overall national development.

        However, the performance of these privatized enterprises has been replete with varying contradictions. This study appraised the post-privatization performance of the privatized enterprises in Nigeria. In assessing the challenging of privatization in Nigeria, certain indices were used for analysis such as profitability. Analysis showed that certain factors such as corruption, lack of transparency, lack of co-operation from some government official, geo-political and income group spread and other problems.

        Also suggestion will be made for Nigeria to embark on a better privatization policy for better level of productivity in Nigeria.

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