Privatisation of Public Enterprises in Nigeria : A Thematic Exposition

R. O. Oji; Emmanuel C. Nwachukwu; Eme , Okechukwu Innocent

doi:10.12816/0007350

Article Details

Privatisation of Public Enterprises in Nigeria : A Thematic Exposition

Authors:

R. O. Oji | Emmanuel C. Nwachukwu | Eme , Okechukwu Innocent

Publisher:

National Library Singapore

Main Topics:

Economics and Finance

Journal:

Singaporean Journal of Business, Economics and Management Studies 2014 vol.3 Issue 2, pp.182-197

Document Type:

Article

Publication Date:

9/2014

Document Language:

English

Document ID (Org No.):

55248

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0007350

Descriptors:

Keywords:

Abstract:

 Privatization has been the most controversial policy dominating the political agenda of many countriesaround the world. For instance, in the 1980s privatization were the policy choice and preferences aswell as the new wave of conservative market reforms beginning in the west with the Thatchergovernment in the United Kingdom in 1979 and the Regan government in the United States thefollowing year. In Africa it has remained a highly controversial, a subject of debate and politicallyrisky. After her independence ,Nigeria, engaged in the expansion of the public sector in the first,second and third development plans following the keynesian paradigm .The present drive towardsprivatizations is the inability of the Keynesian paradigm to deal decisively with the worldwideeconomic crises and the various economic system adopted in Nigeria .Privatization of publicenterprises in Nigeria is believed will bring about an end to Inefficiency, Balance of payment deficit,Low performance, Indiscipline, mismanagement of finance, attract Foreign and local Investmentwhich will integrate the country in the globalization process and bring about competitive system,quality, and low price, better choice and satisfaction of goods and services. This paper seeks to discussthe major theoretical under pining of the concept of privatization, its major ideas and proponents in athematic form. The paper concludes by positing that from literatures on privatization three things areclear. First, for privatization to take place there must be in existence public enterprises, which need toconvert into private enterprises. Secondly, there is the reasoning that private ownership or control ormanagement would be better than public ownership. Finally, privatization is premised on the fact thatthere are problems with public ownership of enterprises and privatization is part and parcel of a reformagenda to turn around these enterprises so that they can deliver goods and services more efficientlyand effectively. As we shall show later, this kind of reasoning is ideologically loaded and cannot besubstantiated by the existential reality of Nigeria.

Article Details

Privatisation of Public Enterprises in Nigeria : A Thematic Exposition

Authors:

R. O. Oji | Emmanuel C. Nwachukwu | Eme , Okechukwu Innocent

Publisher:

National Library Singapore

Main Topics:

Economics and Finance

Journal:

Singaporean Journal of Business, Economics and Management Studies 2014 vol.3 Issue 2, pp.182-197

Document Type:

Article

Publication Date:

9/2014

Document Language:

English

Document ID (Org No.):

55248

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0007350

Descriptors:

PRIVATIZATION

PUBLIC ENTERPRISES

ECONOMIC REFORM

DEVELOPMENT PLANS

LEADERSHIP

IDEOLOGIES

NIGERIA

Privatization

Public Enterprises

Economic

Political

Administrative

Leadership

Sociological and Ideological Theories

Inefficiency and Mal-Administration

Mis-Management

Issues

Article Details

Authors: R. O. Oji | Emmanuel C. Nwachukwu | Eme , Okechukwu Innocent

Publisher: National Library Singapore

Main Topics: Economics and Finance

Journal: Singaporean Journal of Business, Economics and Management Studies 2014 vol.3 Issue 2, pp.182-197

Document Type: Article

Publication Date: 9/2014

Document Language: English

Document ID (Org No.): 55248

Frequency: Monthly

pISSN: 23013621

DOI: 10.12816/0007350

Descriptors:

Issues

Authors:

R. O. Oji | Emmanuel C. Nwachukwu | Eme , Okechukwu Innocent

Publisher:

National Library Singapore

Main Topics:

Economics and Finance

Journal:

Singaporean Journal of Business, Economics and Management Studies 2014 vol.3 Issue 2, pp.182-197

Document Type:

Article

Publication Date:

9/2014

Document Language:

English

Document ID (Org No.):

55248

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0007350