ABSTRACT
This
premise of this research is based on Privatization and Commercialization of
Government Parastatals in Nigeria with reference to Power Holding Company,
Nigeria (PHCN)
The research adopted a survey research
design. A well structured questionnaire was designed and administered to
respondents. A sample size of one hundred (100) was drawn from the population
of study. The sampling was made based on a simple random sampling technique.
The
data gathered were presented in tables and analysed with simple percentages.
The hypothesis formulated was analysed with the use of Chi-Square technique. It
was concluded that - That, privation and commercialization would affect the
performance of the power sector; that privatization and commercialization would
improve economic performance of parastatals; Privatization and
commercialization would solve management problems and productivity of workers
in parastatals.
Recommendations
were proffered that; It recommended that; The policy making
government body should separate the planning and procurement of services from
their production and delivery; it can then divest itself of much of it’s
operating responsibility.
TABLE OF CONTENTS
Title Page i
Certification ii
Dedication iii
Acknowledgment iv
Abstract v
Table of Contents vi-viii
CHAPTER
ONE: INTRODUCTION
1.1 Background to the Study 1-2
1.2 Statement of Problem 2-3
1.3 Objectives of the Study 3
1.4 Research Hypothesis 4
1.5 Significance of the Study 5
1.6 Scope and Limitation of the Study 5
References 6
CHAPTER
TWO: LITERATURE REVIEW
2.1 Privatization and Commercialization:
A
Conceptual Discourse 7-15
2.2 Initial Problems Facing Privatization 15-16
2.3 Theoretical Framework of Privatization and
Commercialization
Policy 17-20
2.4 Privatization and the Nigerian Economy 20-28
2.5 Benefits and Economic Justifications 28-29
2.6 Challenges of Privatization in Nigeria 30-33
References 34-38
CHAPTER
THREE: RESEARCH METHODOLOGY
3.1 Introduction 39
3.2 Research Design 39
3.3 Population of Study 40
3.4 Sample and Sampling Techniques 40
3.5 Sources of Data Collection 40
3.6 Instrument (Questionnaire) Design 41
3.7 Method of Data Analysis 41
CHAPTER
FOUR: DATA ANALYSIS AND INTERPRETATION
OF
RESULT
4.1 Introduction 42
4.2 Questionnaire Analysis 42-54
4.3 Discussion of Findings 55
CHAPTER
FIVE: SUMMARY, CONCLUSION AND
RECOMMENDATIONS
5.1 Summary 56
5.2 Summary of Findings 56
5.2.1 Implication of
the Findings 57
5.3 Conclusion 57-59
5.4 Recommendation 59-60
Bibliography 61-64
Appendix 65-70
CHAPTER
ONE
INTRODUCTION
1.1 BACKGROUND
TO THE STUDY
In
recent years privatization in particular has become the most common strategy
for dealing with the problems of public enterprises (Parastatals) especially
since its introduction under the Structural Adjustment Programme (SAP) in the
1980s.
Privatization
and commercialization of government owned parastatals in Nigeria arises as a
result of observed inefficiencies, weak management structure in the allocation
of productive resources in the public enterprises. The emphasis was placed when Structural
Adjustment Programme (SAP) was finally introduced into the Nigerian System of
government in June 1986.
In
other words, the orchestrated call for privatization and commercialization of
parastatals both at the state and federal levels of government was primarily
due to poor performance recorded since independence on public corporation and
utilities. The parastatals became drain
pipes where lots of funds were pumped into annually, by the government without
commensurate output.
Nonetheless,
economic deregulation incidentally constitutes one major policy hallmark of
government effort at restructuring the Nigerian, economy within the framework
of the World Bank /IMF endorsed Structural Adjustment Programme (SAP).
SAP
is mostly predicated on the commercialization and privatization programme which
derives its legality from Degree No. 25 of October, 1988 and the privatization
Act of 1999, and is aimed at competitive efficiency in all ramifications.
In
spite of indispensability of parastatals in the power sector to socio-economic
development, the sector, especially in Nigeria presents a gloomy picture of
under development.
From
the foregoing, this study seeks to look into privatization and
commercialization of government –owned parastatals with a particular reference
to the power sector. (Power Holding
Company of Nigeria).
1.2 STATEMENT
OF PROBLEM
This
study examined if the privatization and commercialization process of the power
sector would breeds efficiency and effectiveness amongst its officials in
delivering prompt and reliable services to its teeming clients, consumers and
the economy at large.
The
problems for this study are;
- To what
extent would privatization and commercialization affect performance of the
power sector?
- To what
extent would privatization and commercialization improve economic performance
of parastatals
- The
extent to which privatization and commercial promotes consumer sovereignty.
- To what
extent does privatization and commercialization resolve management problems in
parastatals.
1.3 OBJECTIVES OF THE STUDY
This
research study is set to achieve the following aims and objectives;
- To
examine the effect of privatization and commercialization on the performance of
the power sector.
- To
examine if privatization and commercialization would improve economic
performance of parastatals.
- To
examine the extent to which privatization and commercialization promotes
consumer sovereignty.
- To
determine if privatization and commercialization would resolve management
problems in parastatals.
1.4 RESEARCH HYPOTHESIS
The following are formulated below
HYPOTHESIS
ONE
HO: That
privatization and commercialization would not affect the performance of the
power sector.
Hl: That,
privation and commercialization would affect the performance of the power
sector.
HYPOTHESIS
TWO
HO: That
privatization and commercialization would not improve economic performance of
parastatals.
Hl: That
privatization and commercialization would improve economic performance of
parastatals.
HYPOTHESIS
THREE
HO: Privatization
and commercialization would not solve management problems and productivity of
workers in parastatals.
Hl: Privatization
and commercialization would solve management problems and productivity of
workers in parastatals.
1.5 SIGNIFICANCE OF THE STUDY
The
relevance of this study rests on the fact that privatization and
commercialization could help in fostering and nurturing economic growth and
development of parastatals human resources and so on.
Also,
this study would enumerate the rationale behind restructuring of government
parastatals and also lessen the dominance of unproductive investment in public
enterprise.
The
significance of the study is also to broaden the knowledge and research on
government parastatals.
1.6 SCOPE
AND LIMITATION OF THE STUDY
The
scope of this study limits itself to privatization and commercialization of
parastatals with particular reference to the power sector.
The
constraints envisaged are; time constraint, finance, and lukewarm attitude of
officials in public sector in giving first hand information about their
workings. Also, lack of reliable data
for research study is a limitation. Inspite of these constraints however, this
research shall carry out an in-dept study of privatization as it affects
parastatals in Nigeria.
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