THE POLICY OF PRIVATIZATION AND COMMERCIALIZATION OF PUBLIC ENTERPRISES IN NIGERIA: AN APPRAISAL OF TELECOMMUNICATION
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
Abstract
It is because of social issues like economic inequalities, unemployment that made the state to interfere in economy of Nigeria. Government chose public sector as a means or medium for economic and social development due to poor managerial skill, weak technological base etc, this enhanced the zeal to establish various enterprise institutions in Nigeria. Then, due to inadequate capital and lack of finance, public enterprises in Nigeria are confronted with many problems by the employees, managers and political interference in affairs of public enterprises. The project title is the policy of privatization and commercialization of public enterprises in Nigeria: An appraisal of telecommunication. The problems are; is political interference and mismanagement of resources responsible for the poor performance of public enterprises in Nigeria? Could policy of privatization and commercialization enhance the efficiency of public enterprises? Structural-functional theory is used as suitable framework of analysis for the policy of privatization and commercialization of public enterprises in Nigeria. The researcher reviewed some relevant textbooks, also used the secondly method of data collection. He found out that privatization is seen as means to harness economy or as measure to increase efficiency of the public sector or organization. Also, the privatization and commercialization has improved the potential, the efficiency and service delivery in Nigeria by making telecommunication easily accessible and affordable. These are the recommendations; as the privatization is in the hands of few individuals government should ensure that before granting the license or opportunity, they should examine and select the competent people who will handle private enterprises and not people of questionable character. The only thing left is for government to hands – off from those enterprises as advocated in the current or present privatization and commercialization exercises.
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