TABLE OF
CONTENTS
Title page I
Certification II
Dedication III
Acknowledgements IV
Table of contents VI
Chapter one:
Introduction
1.1
Background of
the study
1.2
Statement of
the problem
1.3
Objective of
the study
1.4
Significances
of the study
1.5
Scope of the
study
1.6
Limitation of
the study
1.7
Definition of
terms
Chapter two:
Literature Reviews
2.1 The
chapter of privatization
2.2 Organizing
for privatization
2.3 Planning
for privatization
2.4 Purpose
of privatization
2.5 Benefits
of privatization
2.6 Implications
or privatization of
government of parastatals
2.7 Method
of privatization develop
2.8 Marketing
implication of privatization
Chapter three:
Data Presentation and Analysis
3.1 Historical
background of privatization
3.2 Brief
history about the company
3.3 Method
of data collection
3.4 Method
of analysis
3.5 Analysis
of data
Chapter Four:
Data Presentation Analysis
4.1 Historical
background
4.2 Brief
history
4.3 Data
presentation and analysis
4.4 Discussion
of finding
Chapter Five
5.0 Summary,
conclusion and recommendation
5.1 Summary
of findings
5.2 Conclusion
5.3 Recommendations
References
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND
TO THE STUDY
Essentially, privatization can be viewed
as a systematic and programme withdrawer of government from these business or
activities which private individual or companies can perform more effectively
and efficiently than government agencies or business organization. In other
words, privatization is most commonly defined as the transfer of government
industries to the private sector, implying that the predominant share in
ownership of asset of transfer lies, with private shareholders.
However
in view of the lack luster performance of public enterprises in Nigeria and the
limited scope of the private sector participation in some keys enterprises
government seek to the higher to ugly tried by encouraging increase private
sector participation. The strategy for achieving this object is the
privatization appeals to the most prevalent and important to our nation
economy. The purpose of this research work is to evaluate both positive and
negative implication in privatization all government parastatal and moreover,
to provide corrective measure. However, the implication of privatization in
Nigeria lies with reference to decree No 25 1988 (amended 1999) which provides
the legal backing for the technical committee of privatization, and thus began
the major paradigm shift in the conceptualization, of public enterprises in
Nigeria. This study however discoursed that only a few successful enterprises
such as flour mill, African petroleum, national oil and chemical company
limited where partially privatized the commercialization of enterprises such as
NEPA, NITEL and NNPC.
Hardly show any significant improvement
in their operation and economic performance, the project shows that employment
levels were affected by privatization. Between 1989 and 1993 the public sector
accounted for more job losses than privatize companied privatized sector still
have lower employment level. The sharp increase in price between 1984 and 1992
did not create sufficient increment is gross earnings for 1994, but the result
reveals that a reduction in public sector would haven effect (at least in the
short time) an prices. Result show that privatization has or resources
utilization. Higher to capital employment ratio has not been affected and this
also reveals that price increase in excess of 20% accursed immediately after
privatization. However, are gone for good. It is one this rate that the study
that privatization is the most appropriate economic recipe to achieve the much
desired human development and good government.
1.2 STATEMENT
OF THE PROBLEM
The statement of the problem for this
research work is theoretically evaluates the problem facing government
parastatals. Among this problems are:
- Unsatisfactory
service because of their erratic supply (e.g. and water supply is irregular).
- Corruption
and his management leading to law productivity.
- Dependence
on continue finding from government revenue
- Inequity in income and wealth
distribution
- Poor
services, arrogance/insensitivity to customers. All these and other were
against business or companies privatization concept and practice.
1.3 OBJECTIVES OF THE STUDY
With
the seemingly increasing economic hardships face by the Nigeria working class
particularly, those in the public employment increased pay and better
conditions of services are of paramount importance to them, the major objective
of the study therefore are:
i. To
examine the implication of privatization of government parastatals in the
Africa petroleum Plc, Ilorin.
ii. To
investigates the constraint, inadequate and discrepancies in the labour
management relations corporation.
iii. To
contribute to the resolution of the discrepancies and inadequate issues in the
course of the study.
1.4 SIGNIFICANCE OF THE STUDY
The
importance of this study can be streamlined to the public company and
researcher.
i. To
the public: This study will help the target to enjoy services provided or
rendered by Africa petroleum Plc and thereby improving consumers standard of
living.
ii. To
the company: It will help the industries to evaluate areas of problem and
provided them with corrective measure. It will also increase their sales volume
and productivity level and also enable them to gain larger market share. It
will also help the industries on hail t o deliver maximum satisfactory to their
target market.
iii. To
the researcher: It will improve and update the knowledge of the researchers.
It
will help the researcher to acquire HND certificate in partial fulfillment of
the requirement for the award of higher national diploma and it will also help
the researchers or exposes the researcher to a simplest ways of findings
solution to a problem.
1.5 SCOPE
OF THE STUDY
The scope of this study means the area
of coverage. The areas of coverage of this study are industries scope,
geographical scope and time scope.
Industrial
Scope: This
implies specification of the industry of study. Therefore, the industries scope
of this study is African petroleum plc.
Geographical
scope: This
cover the geographical area in limited to Lagos were Africa petroleum plc is
situated the area covered in Lagos are the place where Africa petroleum plc is
situated. The result that emaciates in this study be generalized for the whole
Africa petroleum Plc.
Time
scope: This cover
the periodic depth of the research, this is time scope of this study is three
(3). Thos research work was carried out between the year 2008-2010.
1.6 LIMITATION
OF THE STUDY
During the course of carrying out this
research work, some difficulty were encountered and solution were found to
them. Some of these difficulties are: -
A. Financial constraint
B. Time constraint
C. Respondent Constraint
Financial Constraint:
The researcher is still depending on
parents. This made is difficult for the researchers to set enough money for the
project, but this was solved by getting money from parent, uncles, friends etc.
Time Constraint:
The researcher has so many programme
that he carried along with the project. Among these is lecturer. The available
time was shared among lecture, project and report writing. This was solved by
allocating extra day for carry out the research. Friday, Saturday during
holiday and lecture free days. These days were used to carry out fieldwork.
Respondent Attitude:
The attitude of respondents towards
giving information was not encouraging. They believed that information released
may sold out to other competitor even used against them in term of taxation.
Questionnaires distributed to some respondents are not returned. The superior officer
does not allow the researcher to fain access to some vital information needed
for the project but the problem was solved by convincing them that the
researcher work is purely academic and has not hidden agendas. The superior
officers were persuaded and they eventually gave the researcher the need
information. After much persuasion, many questionnaires were returned and they
are enough for the research work.
1.7 DEFINITION
OF TERMS
The following terms are define to ease
the understanding and a good comprehension of this research project:
Government Agencies:
Is an administrative unit of government “the central intelligence government
agency.
Companies:
Is an executive agency of the department of business innovation and skills.
Mismanagement:
Is the managing ineffectively in competently, carelessly and wrongly.
Commercialization:
Is a stage in product development process where the decision to order full
scale production and launch is made
Ownership:
It ultimate and exclusive right conferred by a lawful claim or title and
subject to certain restrictions to enjoy, occupy, process, rent, sell, use,
give away, or even destroy an item of property.
Management Planning:
Is a basis management function involving formulation of one or more detailed
plans to achieve optimum balance of needs or demands with the available
resources.
Implication:
Is the same thing implied or suggested as naturally to be inferred or
understood.
Parastatals:
Is a government owned corporation state owned enterprises and government
business enterprise.
Share:
Is a unit of ownership interest in a corporation or financial asset.
Performance:
Is the accomplishment of a given task measured against present known standards
of accuracy, completeness, cost and speed.
Deregulation:
Is the reduction or elimination of government power in a particular industry,
usually enacted to create more competition
Rationalization:
Is a reorganization of a company in order to increase its efficiency.
Diversification:
Is a portfolio strategy designed to reduce exposure to risk by combining a
variety of in estimates such as stocks, bonds and real estate which are
unlikely to be move in the same direction.
Promulgation:
Is the formal act of proclaiming given public notice.
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