Privatization in Nigeria: A Re-Examination
Journal Title: International Journal of Humanities and Social Science Invention - Year 2017, Vol 6, Issue 9
Abstract
The paper examined the privatization experience of Nigeria. It reviewed the relevant literature and the policy framework for effective privatization. The objectives of the government for embarking on privatization were analysed. The paper investigated the justification for the institutional reform of the State-Owned Enterprises in Nigeria. This was based largely on the cumulative dismal performance of these enterprises. The study discovered that one of the major motives of the Nigerian Federal Government in privatization appears to be the desire to improve on the operational efficiency and reliability for public enterprises. The study revealed that major challenges in the privatization exercise are due to corruption, undervaluation, policy somersault and lack of due process. The study concluded that Nigeria must move with the rest of the world, very urgent corrective and remedial measures need to be urgently put in place to save Nigeria from the present dilemma over the current national privatization exercise.
Authors and Affiliations
Igbokwe Philomena Ify
Keywords
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