THE ECONOMIC IMPLICATION OF PRIVATIZATION AND COMMERCIALIZATION OF AILING INDUSTRIES IN NIGERIA
CHAPTER ONE
Introduction
1.1 Background Of The Study
Available in the complete material
1.1 Statement Of The Problem
For sometimes now in Nigeria and in Akwa Ibom State, public companies have been badly managed and often times inefficiently run.
Based on data from various government departments, public enterprises consumed as much as N265 billion within one year. In Past years, the Adeso (1969), Udoji (1973), Onosode (1981) and ALhakim (1984) commissions assessed and determined that public enterprises are responsible for huge wastages in funds which create budgetary strains and avoidable burden on the economy.
From the above studies, failures of government owned enterprises are because agents within government have a tendency to pursue their own interest or the interest of special groups at the expense of the public.
Also, the lack of effective strategies characterized by political instability, poor technology, lack of basic infrastructure, over politicization of projects and widespread incompetence in the management of public enterprises, is a function of excessive government participation in the management process.
Thus a combination of inadequate and costly gas supplies for electricity, lack of transportational access for the transfer of raw materials and finished products and untimely release of funds by government also lead to the closure of the Aluminiun Smelter Company of Ikot Abasi in the year 2000.
From the fore goings above, it thus became a national policy imperative therefore to disengage the public sector from those areas where the private sector has the comparable advantage to perform by turning around poorly managed and cash strapped state enterprises, whose inefficiencies have hampered economic development, thereby stopping the monumental waste and inefficiency of the public enterprise sector. This necessitated the need for government to set up the programmes of privatization and commercialization so as to address peculiar socio-economic and political conditions in Nigeria as part of the country’s structural adjustment programme.
This concept by the government, in restructuring the economy has thus prompted this research in ascertaining the economic implications of privatization and commercialization of ailing industries in Akwa Ibom State with particular reference to the Aluminium Smelter Company of Ikot Abasi.
1.2 Objectives Of The Study
This research is conducted generally to examine the economic implication of privatization and commercialization of ailing industries in Akwa Ibom State with particular reference to the Aluminium Smelter Company, now known as Rusal Aluminum Smelter Company, Ikot Abasi.
More so, the specific objectives of this research are as follows:-
- To identify the problems and prospects of privatization of ailing industries in Akwa Ibom State.
- To find out the reasons for the effectiveness and ineffectiveness of service delivery in the public and private sector in Akwa Iborn State.
- To identify the reasons behind the concepts of privatization and commercialization of ailing industries in Akwa Ibom State.
1.3 Research Hypothesis
Ho Privatization and commercialization of ailing industries has no impact on the Akwa Ibom State economy.
H1 There is no relationship between the privatization and commercialization of ailing industries and efficient resources management for economic development in Akwa Ibom State.
1.4 Scope Of The Study
This research is undertaken to study the economic implications of privatization and commercialization of ailing Industries in Akwa Ibom State with particular reference to the Aluminium Smelter Company in Ikot Abasi now owned by Rusal Aluminium. This work will also seek the reasons for the poor performance of government owned enterprises.
In carrying out this research work effectively, attention in this study will focus on the past, present and future prospects of the Rusal Aluminum Smelter Company, Ikot Abasi as a result of its privatization and commercialization.
1.5 Significance Of The Study
It is hoped that this study would provide ideas and useful information to those who might conduct further research on this subject. The findings of this study will be useful to both Federal and State governments, core investors, business executives and the general public who have interest in this subject.
1.6 Limitations Of The Study
Some limitations of this study include:
- Time and financial constraints, which did not allow for a total coverage of all the proposed areas needed in this work.
- The researcher could not gather enough information on the topic as a result of lack of access to text books and journals. This is because of the fact that privatization and commercialization concepts although long introduced into the Nigerian economy has only drawn more attention in recent times as such making these concepts sound as though they are new concepts in Nigeria.
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
The Economic Implication of Privatization and Commercialization of Ailing Industries 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
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
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 "The Economic Implication of Privatization and Commercialization of Ailing Industries 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.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
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 "The Economic Implication of Privatization and Commercialization of Ailing Industries 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 “Poverty and Youth Restiveness in Nigeria an Evaluation of the Boko Haram Crisis” be used as a guide for Political Science Project?
Yes it can be used — Over the years, Nigeria was experienced series of attacks, agitations, restiveness and blests ranging from diverse regions and localities. References are; hostage thing in the south-south region, the Niger Delta militancy crisis, the Boko Haram crisis in Northern Nigeria (which is the case study of this research work) etc. most restiveness of youths has often been done under the puise of a ring or body, this makes their operational activities fast and broader. All these group exist in the diverse regions of the country, and this includes. The „OPC? popularly known as the „Oduduwa peoples congress” called the Afenifere group. We can also find the „MASSOB? known as the „movement for the actualization of sovereign state of biafra”, in the …
Can the material for “The Impact of Small-Scale Enterprises Financing in Improving the Socio-Economic Well Being of Delta State” be used as a guide for Public Administration (PA) Project?
Yes it can be used — The dynamic role of Small and Medium Scale Enterprises (SMEs) in developing countries have been highly emphasized. These enterprises have been identified as means through which the rapid industrialization and developmental goals of these countries can be realized. This project work explores the impact of SMEs in developing countries. This work ensured from the failure that pervades the small and medium scale enterprises. The methods used for the gathering the data were primary and secondary sources of data. The work revealed that SMEs is the foundation and strength of any economy. That SMEs can employ more than any sector. The conclusion of the study is that small and medium scale enterprises has been identified to be the pivot of industrialization …
Can this topic “Access, Perception and Influence of Social Media on the Voting Decision of Residents of Aboh Mbaise Imo State in the 2019 General Election” be used for Political Science Project?
Yes it can be utilized for research — The study scrutinizes the Access, Perception and Influence of Social Media on the Voting Decision of Residents of Aboh Mbaise Imo State in the 2019 General Election. In achieving this aim, the following specific objectives were laid out to determine the extent social media influenced voters’ choice of political candidates during the 2019 General Election, determine if the popularity of electoral candidates during the 2019 General Election influenced by their social media usage, and determine the extent social media influence voting pattern of electorate during the 2019 General Election. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A total of 180 (one hundred and eighty) respondents …
Can the material for “Assessment of Advancement Capabilities of the Nigerian Local Government System” be used as a guide for Business Administration and Management (BAM) Project?
Yes it can be used — The topic of this study “An analysis of development capabilities of the Nigerian local government system:. Which is been considered as an avenue to know the development of rural areas in the country. This study which was conducted in Idemili North local government embraced these objectives primarily to analyzing the development work carried out in the area via the local government either directly or indirectly motivating and encouraging the people, as well as looking into the factors that constitute impediment to a more rapid development of the areas after local government reform of 1976. The aim of the project work is therefore to cover a research gap that has existed over these years. I hope that based on the. “Analysis of the development …
Can this topic “Prevalence of Gastro-Intestinal and Ecto Parasites of Goats and Sheep” be used for Biology Project?
Yes it can be utilized for research — This research work is limited to Makurdi (Wadata and North bank) in Benue State. All the sheep and goats from different origins, in different age group and sex brought to slaughter house at the time of visit were targeted as study population, a simple random sampling method was employed in selecting 50 goats and 50 sheep, making a total of 100 samples. Standard laboratory parasitological techniques was used in this study including Simple test tube flotation, sedimentation technique, McMaster faecal egg count. Prevalence of endo and ectoparasitic infestation was significantly higher among Makurdi indigenous sheep and goats. The parasite include Amblyomma spp (male hard tick), Dermacenter spp (male hard tick), Dematopinus (biting lice), Hematopinus (sucking lice). Many factors may be responsible …
Can this topic “Antifungal Activity of Onion Oil Extract Against Fungi Pathogen” be used for Microbiology Project?
Yes it can be utilized for research — The onion is a vegetable that is the most widely cultivated species of the genus Allium. The study was carried out to identify and determine the antifungal activity of onion extract against some fungi pathogen. The diseases which are born by food are gradually becoming a dangerous risk to public health. Onion (Alliumcepa) is native of Israel. Allium is the largest and important representative genus of the Liliaceae family. The study reveals the following problems associated with the antifungal activity of onion extract against some fungi pathogen; lack proper investigation of the inhibition of pathogenic Fungi in onion oil extract, inadequate information relating to the anti-fungal adverse effect of the onion oil extract, and lack of proper and precise information …
Can the material for “Analysis of Reported Cases of Crime” be used as a guide for Statistics Project?
Yes it can be used — Criminality is part and parcel of human nature and society. That is why no society can claim to be completely free of crimes. But the types of criminal behaviour tend to follow the pattern of social and economic development of a given society. The study was carried out to analyze the Reported Cases of Crime using Sapele Police Station as a case study. In achieving this aim, the following specific objectives were laid out to compare the rate of crime between one class of crime and another and determine the influences of nature of crime on victims' crime reporting practices be minimized in Enugu State Central Police Station. The survey research method was adopted in this work. The population is the …
Can the material for “Design and Implementation of File Encryption and Decryption System” be used as a guide for Computer Science (CS) Project?
Yes it can be used — File encryption attempts to ensure secrecy in communications, such as those of spies, military leaders, and diplomats, but it have also had religious applications. The aim of the study is to design and implement a File Encryption And Decryption System. In achieving this aim, the following specific objectives of study were considered to design and develop an application software that will understand and improve the file data security through encryption of data, protect the pdf file (.pdf) from being viewed by third party using encryption and ensure the data confidentiality and integrity along with the safe transmission of file data over the web. The motivation that led to the implementation of the proposed system is that the password method used …
Can the material for “Prevalence of Infertility Among Women of Child Bearing Age At Gynae Clinic of State Specialist Hospital Maiduguri” be used as a guide for Midwifery Project?
Yes it can be used — Women Infertility is the inability to become pregnant or carry a pregnancy to full term, there are many causes of infertility, including some that medical intervention can treat. The study was carried out to determine the Prevalence of Infertility among women of child bearing age at Gynae Clinic of State Specialist Hospital Maiduguri. The motivation of embarking on this study is that infertility among married couple has led to broken homes, divorce, physical violence, stigmatization, and discrimination especially to women of Maiduguri in Borno State. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A total of 180 (one hundred and eighty) respondents were selected for this …
Can the material for “School Infrastructure and Effective Teaching Learning in Public Primary School” be used as a guide for Education Project?
Yes it can be used — This is based on the school infrastructure and effective teaching leaning in public primary school in Abeokuta South Local Government Area. Simple random sampling techniques and used in selecting the schools and respondents for the study. The participants consisted of 20 teachers in each school and it is made up of 100 teachers. A descriptive research design was adopted for the study. A questionnaire titled “School Infrastructure and Effective Teaching Learning in Public Primary School” (SIETLPPS) was prepared had used to collect data for the study. The data so collected through the questionnaire were analysed using Pearson product moment correlation co-efficient to test the hypothesis. It was suggested among others that a specific percentage of educational budget should be made …