PRIVATIZATION OF PUBLIC ENTERPRISES IN NIGERIA

ABSTRACT

The research work entitled “Privatization of Public Enterprises in Nigeria; analysis of flaws and prospects of the policy, focuses essentially on the concept of privatization, commercialization of public enterprise and the cause of privatization policy equally enhanced about the implication of why privatization of public enterprise should be encouraged to the society in general for policy making process in Nigeria. On the other hand, the work has therefore attempted to device resolution mechanism so as to enhance the desired objectives of this study, and the objectives are as follows: To enhance efficiency and effectiveness in corporate organization (firms), to reduce high level of corruption, to encourage private participation in public corporation and to enhance economic growth and development.

The researcher’s adopt casual as well as explanatory design in the conducting of the study, and selected his sample by means of simple random sampling. Instruments deployed during the conduct of the survey include the questionnaire, interviews with individuals and observations methods. Data collection were presented using table and analyzed using the simple percentage, four (4) hypotheses were tested through the use of chi-square (X2). Also primary and secondary data were gathered using the foregoing instruments which validity was tested using the content validity. The study is important to the society in general, firms, government and as well as management of corporate organizations. The study as it’s, shall assist in policy formulation and effective implementation of privatization strategies in Nigeria society.

CHAPTER ONE

1.0 Background To Study

The Extent at which privatization and communication policy is being emphasized in Nigeriacannot be overlooked.

The Nigerian political economy contents are largely post- colonial under takings by the short liked civilian governments and the military regimes. The rapid growth in the political economy contexts indicates that Nigerian are capable of developing her economy system. On the other hand, the political instability in the country has had an adverse effect on the privatization-policy making.

The aggregates problems of political instability, corps, corruption, nepotism, favourtism, God Fatherism, and ignorance have destabilized policy of privatization and the machinery of social change.

Given the right political and economic conditions under regimentary democratic system of government, the institution of privatization will further enhanced it aim of objective.

However, the trend of the development so far, has made the researcher to investigate into the Public Administration Prognnmmes in the institutions of privatization and commercialization policy making in Nigeria.

Privatization as an economic policy that involves the selling of government’s utilities or properties to the private individuals in order to increase efficiency and for proper management. Privatization is a kind of policy which African or better still, the third world countries (TWC’s) are compelled to be embark upon, if they are to be given loans or assisted by Bretton Wood Institutions like IMF, World Bank etc.

Privatization is like a devaluation of local currencies according to the dependency scholars is an international capitalist conspiracy geared towards . The further or continued exploration of African nations or (TWCs).

The basic ideas is that African leaders or third world leader ought to examine critically is all about the pressures mounted from donors creditors and multilateral financial institutionswhich are predominantly western world for Nigeria and infact other (TWC’s) to privatize as a prerequisite for support of adjustment and debt relief programme. This elucidate the issue of exploitation of LDC’s (Less Developed Country), by the Western developed countries. Perhaps the origins, basis and support benefit which may accrues from this policy must be critically looked into. The economic and political implication of this issues must be critically and dynamically analyzed if privatization and infact all other conditional ties given by donors creditors etc should be embraced.

Moreover, it should be noted that the adoption of market approach (free-market-economy), openness, competition, liberalization, restructuring etc. has been rested dependents on privatization of public enterprises.

Privatization is designed to increase − economic effectiveness and efficiency by imposing market discipline in the planning and management of public enterprises in Nigeria, after the influence of technical committee on privatization and commercialization (T.C.P.C) in 1980’s privatization was slower in the1990s privatization in Nigeria has always been in sincerity on the part of our political lender. Perhaps another problem of privatization in the Nigeria context is the core periphery analysis. The third world countries (TWS’s) are always tried to the apron string and dictate of developed countries.

However, it should be noted that inspite of the inherent flares in Nigeria’s privatization process, there are some potent visible and of the merit of the privatization policy are:

The introduction of privatization will increase effectiveness and promote efficiency.
Generation of revenue for government which may be used or social services provision.
Lessening of the dominance of unproductive investments in the public sectors.
Reduction of complex administrative control and placing greater reliance on market economy.

The privatization policy though emaciated date prescribed by Western imperial list or Bretton-wood institutions has its own strong point. The research work tends to find out the flaws and prospect of the privatizations policy in Nigeria (TWC’s) and at 1Jhe end of the day prefer solution and make recommendations based on such findings.

1.1 Problem Statements

Public corporations and enterprises are established by the government − in order to carryout vital services to the entire populace at cheaper rate or even free but this philosophy had been put aside by some arising holocaust or problems.

Perhaps, the paradigm of this is that, this research work shall be predicated to problematizing the following viz:

It is a fact that embezzlement corruption and this appropriation of funds indeed affects the service oriented nature of public enterprises.
What are the role played by Bretton-wood institution in the privatization policy of Nigeria and (T.W.C’s)?
What are the actual bureaucratic bottlenecks or complex administrative control affecting the existing of public enterprises in Nigeria.
What are the social effect or poor finding inefficiency and ineffectiveness of public enterprises have on the populace.
What then are the prospect of privatization policy in Nigeria in relation to the bane of ethnicity and tribalism

1.2 Research Questions

Will privatization of public enterprises in Nigeria bring about economic glory?
Will there be any productivity and efficiency increase in mass production as a result of privatization?
(Will there be any hope for the futures generation if privatization should be the ends means in Nigeria?
Is there any level of accountability and sincerity as well as determine goals by those leaders in the affairs of government at the process of executing privatization policy-making in Nigeria?
Will privatization of public enterprises amount to the reduction of high level of bureaucratic bottlenecks, redupotism and corruption of the country?

1.3 Research Hypotheses

H1: Privatization and commercialization in Nigeria will increase productivity and efficiency in public enterprises.
Ho. Privatization and commercialization in Nigeria’s public enterprises will be a debutant of bureaucratic bottle necks and administrative control.
H1: Privatization and commercialization m Nigeria’s public enterprises will be a competitive and profitability.
H1: Privatization and commercialization of Nigeria’s public enterprises will likely encourage the ideas of capitalism system of government.
Ho: Privatization and commercialization policy in Nigeria and other third world countries is a strategy by Western imperialist and Bretton-wood institution further be elongated through their economic dependence.

1.4 Objective Of Study

The research work is embarked upon in order to look into the problems and the good sides of privatization policy in Nigeria. The objective of the research work is based on the proper consideration of the socio cultural and the peculiar nature of the Nigerian State in the process of applying the privatization/commercialization policy in the Nigeria context:

The objectives of the research work include the following:-

To determine whether privatization of public enterprise in Nigeria will bring about economic glory
To determine the nature of Nigerian political and economic stability.
To determine the contexts of Nigerian political and economic behaviour.
Determine the outcome of government policies during military era and civilian regime.
Determine the level of unemployment and employment productivity.
To determine the future of Nigeria political and economic contexts,

1.6 Scope Of Study

This research work is to cover the flaws and prospects of privatization and commercialization of public enterprises in Nigeria. The research work will critically examine the flaws and prospects of the policy since it was evolved to this present dispensation as it affect the political and socio-economic context as well as well being of the Nigerian State.

1.7 Research Of Study

The research word is significant m the area of providently prescription to the proper application of the privatization, policy making in Nigeria context. It significant had beenprescribes due to the fact that it enhances the descriptive and analytic nature, the research work will be based upon. The study will contribute immensely to national growth and development based on the critical analysis that will be made, this is because, the critical assessment of the flaws and prospect of the policy to the Nigeria State.

The research work creates values added in the area of critical analysis of the future about the privatization policy making in Nigeria, The study will also serve the purpose of been a reference point to privatization scholars anti indeed policy makers on privatization andcommercialization in Nigeria and also economic and political leaders.

…

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …

Procedure for Downloading the PDF (Docx) Material

Privatization of Public Enterprises in Nigeria can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.

Seminar Material Cost
₦3,000

Project Material Cost
₦5,000

Request Complete Material

Complete Material Chapters of Privatization of Public Enterprises in Nigeria

Click here to request the Complete Material via WhatsApp including;

Preliminary Pages,
Chapter 1-5,
References and Appendix.

TABLE OF CONTENTS
PRELIMINARY PAGES

Title page
Approval page
Dedication
Acknowledgement
Table of Contents
Abstract
CHAPTER ONE
INTRODUCTION
1.0 Background …
⋮
CHAPTER TWO
LITERATURE REVIEW
2.1 Introduction
2.2 Conceptual Review
2.3 Theoretical Framework
⋮
2.4 Empirical Studies
2.5 Research Gaps
2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Introduction
3.2 Research Design
3.3 Population of Study
3.4 Sampling and Sampling Technique
3.5 Validation of Research Instrument
3.6 Method of Data Collection
3.7 Method of Data Analysis
3.8 Questionnaire Administration
3.9 Ethical Consideration
3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
4.1 Introduction
4.2 Presentation and Analysis of Data
4.3 Re-statement of Research Questions
4.4 Test of Hypotheses
4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Introduction
5.2 Summary of Findings
5.3 Conclusion
5.4 Recommendation
5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”

Disclaimer for Complete Material Utilization
The displayed research work titled "Privatization of Public Enterprises in Nigeria" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.

Frequently Asked Questions (FAQ)

Can the material for “The Effect of Delegation of Authority on Employee Productivity” be used as a guide for Public Administration (PA) Project?

Yes it can be used — Delegation of authority is one of modern trends practiced by managers, which is the flow or transmission of authority from top to the bottom of the organization. The study was carried out to investigate the Effect of Delegation of Authority on Employee Productivity using Nigerian Customs Service Port Harcourt as a Case Study. In achieving this aim, the following specific objectives were laid out as follows to: identify the impact of the delegation of authority on employees’ productivity at Nigerian Customs Service Port Harcourt, determine the most cost-effective means of delegation of authority that will not have an adverse effect on Employee Productivity, Ascertain the effect of delegation and responsibilities on staff performance, Ascertain what authorities that are delegated ascertain …

Is the topic “Interpreting Theatre as a Communication Medium” recommended for English Language Project?

Yes it is highly recommended — Communication as a social tool includes a wide range of functions such as instruction, persuasion, education, entertainment, development and so on. Over the ages, all the communication mediums have evolved themselves to accommodate the various functions of communication and this is true of theatre as well. This paper is a humble endeavour towards interpreting theatre as a communication medium that can significantly contribute towards ably performing the various communication functions. It also seeks to deliberate upon the need for approaching the study of communication in the Indian perspective drawing comparisons between Aristotle’s Poetics and Rhetoric and Bharata’s Nātyasāstra. …

Can the material for “Assessment of the Reinsurance Business in Developing Countries” be used as a guide for Business Administration and Management (BAM) Project?

Yes it can be used — There are contrasting views about the impact of cross border reinsurance business in developing countries. In the literature, some argue that cross border reinsurance plays a critical role in strengthening risk absorbance, solvency, know-how, and in availing foreign capital for the insurance industry of developing countries. Some of the literature underpin cross border reinsurance as indispensable in availing foreign capital for the insurance industry in the aforesaid countries. Others claim that excessive dependency on cross border reinsurance not only negatively affects foreign currency holdings of a given country, but, also has an adverse effect on the contribution of the industry to the economy of a nation. The Ethiopian insurance industry is entirely dependent on cross border reinsurance business. Despite the …

Can the material for “A Survey of Personal-social Problems of adolescent in Post-primary Schools in Ilorin Metropolis” be used as a guide for Primary Education Project?

Yes it can be used — The study was carried out to investigate the Personal-social Problems of adolescent in Post-primary Schools in Ilorin Metropolis. In achieving this aim, the following specific objectives were laid out to find out if there is any difference in the psycho-social problems of young and old adolescent and determine the difference in the psycho-social problems of male and female adolescents in Ilorin metropolis. Investigation revealed that the child at adolescent endeavors to master skills those are essential for adulthood. The culture and society determines who the adolescent interacts with, what age he is expected to do certain thing; perhaps what tasks are expected of different sexes. The research design used in this report is descriptive design, utilizing questionnaire method to obtain …

Can the material for “Knowledge and Attitude of Female Bankers towards the Practice of Exclusive Breastfeeding” be used as a guide for Midwifery Project?

Yes it can be used — This study was conducted to assess the knowledge and attitude of female bankers toward the practice of exclusive breast feeding in Ikpoba Okha local government area in Benin City, Edo state. The background of the study gave a general and comprehensive introduction of the study, statement of the problem were identified. The significance of the study was outlined and operational definition of terms was included for proper understanding, scope of study was also drawn out current related literature were reviewed and theoretical framework that, is relevant lo the study that is discussed. Questionnaires with open and closed ended questions were administered to 200 respondents and all were retrieved and a total of 133 that were properly filled were analyzed. Date …

Is the topic “Investigation Into the Effectiveness of Total Quality Management (TQM) in the Nigerian Construction Industry” recommended for Quantity Surveying (QS) Project?

Yes it is highly recommended — The complex nature of the construction project and the unstable nature of Nigerian economy result in cost escalation of construction materials and equipments and untimely completion of project make it necessary to employ the use of project management practices Nigeria. Investigations were carried out through administration of questionnaire and data were collected from professionals firms, such as quantity surveyor, architects and engineers. The statistical tools used in analyzing the data include tables and simple percentages. The findings obtained after analysis of the data from the questionnaire, shows that there is a standard practice of project management in Nigeria. Problems such as clients not stating their requirements to the project manager, late appointment of manager and denial of project manager proper authority …

Can the material for “Hindrance to the Effective Performance of Secretaries in the Labour Force” be used as a guide for Public Administration (PA) Project?

Yes it can be used — In this project insight taken into the society working class its origin strongly and the various eocnomci political social and religious indices/ factors working for and or against it especially the secretaries and how the (working class) was been able to whether through the storms of life in chapter one the background of the study is seen the three basic needs of main food shelter and clothing and how man has been labouring to him to have them the derision/stratification of the labour force into unskilled and skilled labour was discussed. The statement of problem the purpose of the study the research question significance and hypothesis are seen. …

Can the material for “Local Government Finance and Grassroot Development in Nigeria” be used as a guide for Finance Project?

Yes it can be used — This study examines the local government finance and service delivery for community development. It adopted a descriptive research design to elicit data. 100 participants were selected using the simple random sampling technique from the staff of Badagry Local Government. Questionnaire was used as the instrument for the study and the collected data were statistically analyzed with the simple percentage. The findings revealed that there is significant relationship between the state financial control and effective financial management at the local government area. This has led to rapid development at the communal level. This prompted a recommendation that the state government should do more in terms of assisting the local government to achieve more rapid development. …

Can the material for “Tax Collection as a Major Source of Government Funds and the Impact on Managerial Decision Making” be used as a guide for Banking and Finance (BF) Project?

Yes it can be used — This research work is aimed at evaluating taxation as a major source of government funds and the impact on management decision making with particular reference to Enugu state board of internal revenue, this work examined the following: The impact of taxation on management decision making. To evaluate the role of taxation in the development of Nigeria, Enugu state in particular. The various problems associated taxation in Enugu state. Data for the study was sourced from two main sources which include Primary and Secondary sources of data collection. Primary data: Questionnaires and oral interviews were used to collect information from the respondents. Secondary data: Journals, magazine and other relevant materials relating to the area of my investigation will be review. Extensive literature …

Can the material for “The Role of Information and Communications Technology in Public Sector Administration” be used as a guide for Public Administration (PA) Project?

Yes it can be used — Communication technologies have come to play a vibrant role in democratizing education not only in the developed but also in the developing countries. However, in spreading the use of information and communication technology some major difficulties are feet by the policy makers as well as the implementers, these difficulties are felt both at the growth and application stages of communication technology, the problems associated with the growth of ICT that have been focused upon in then paper are political factors, economics factors, cultural factors and technological factor. The major objectives of this project is to measure, analyze, evaluate and provide guidance on initiatives employing the current generation of ICTS in the workplace and communities and to foreshadow the possible impact …