ABSTRACT
The research work entitled
"privatization of public enterprises in Nigeria; analysis of flaws and
prospects of the policy, focuses essentially on the concept of privatization, commercialization of public enterprise and the cause of
privatization policy equally enhanced about the implication of why
privatization of public enterprise should be encouraged to the society in general for
policy making process in Nigeria. On the other hand, the work has
therefore attempted to device resolution mechanism so as to enhance the desired
objectives of this study, and the
objectives are as follows: To enhance efficiency and effectiveness in corporate
organization (firms), to reduce high level of corruption, to encourage private participation in public corporation and to enhance economic growth and development. The
researcher's adopt casual as well as explanatory design in the conducting of
the study, and selected his sample by means of simple random sampling. Instruments deployed during the conduct of the survey include the questionnaire,
interviews with individuals and observations methods. Data collection were
presented using table and analyzed using the simple percentage, four (4)
hypotheses were tested through the use of chi-square (X2). Also primary and secondary data were gathered using the
foregoing instruments which validity was tested using the content validity. The
study is important to the society in general, firms, government and as well as
management of corporate organizations. The study as it's, shall assist in
policy formulation and effective implementation of privatization
strategies in Nigeria society.
TABLE OF CONTENTS
Title page
Certificate
Dedication
Acknowledgement
Abstract
Table of Contents
CHAPTER ONE
1.0 Background
to the study
1.1 Problem
Statement
1.2 Research
Questions
1.3 Research
Hypotheses
1.4 Objective
of Study
1.5 Scope
of Study
1.6 Significance
of Study References
References
CHAPTER TWO
2.0 Introduction
2.1 Privatization
and Commercialization Conceptual Clarification
2.2 Chronology
and Historical Background of Privatization
and Commercialization in Nigeria.
References
CHAPTER THREE
Research Methods
3.0 Introduction
3.1 Restatement of Research Questions
3.2 Re-Statement of Research Hypotheses
3.3 Population of Study and Sample Sizes
3.4 Sampling Techniques and Procedure
3.5 Data Collection Instruments
3.6 Analyzed Method
3.7 Re-statement
of Research Question
3.8 Limitations of the Methodology
References
CHAPTER FOUR
4.0 Introduction
4.1 Methods
of Administration of Questionnaire
4.2 Analysis of Demographic Information
4.3 Analysis
Based on Research Question
4.4 Testing of Hypothesis
4.5 Analysis
of Individual Statements References
CHAPTER FIVE
Summary, Conclusion and
Recommendations
5.0 Summary of Major Findings
5.1 Conclusion
5.2 Recommendation
5.3 Suggestions for Furthermore Research
Bibliography
Appendix
(Questionnaire)
CHAPTER ONE
1.0 BACKGROUND TO STUDY
The Extent at which privatization and
communication policy is being
emphasized in Nigeria
cannot be overlooked.
The Nigerian political economy
contents are largely post- colonial under takings
by the short liked civilian governments and the military regimes. The rapid
growth in the political economy contexts indicates that Nigerian are capable of
developing her economy system. On the other hand, the political instability in the country has had an
adverse effect on the privatization-policy making.
The aggregates problems of political
instability, corps, corruption, nepotism, favourtism, God Fatherism, and
ignorance have destabilized policy of privatization and the machinery of social
change.
Given the right
political and economic conditions under regimentary democratic system of
government, the institution of privatization will further enhanced it aim of
objective.
However, the trend of the development
so far, has made the researcher to investigate into the Public Administration
Prognnmmes in the institutions of privatization and
commercialization policy making in Nigeria.
Privatization as an economic policy
that involves the selling of government's utilities or properties to the
private individuals in order to increase efficiency and for proper management.
Privatization is a kind of policy which African or better still, the third
world countries (TWC’s) are compelled to be embark upon, if they are to be
given loans or assisted by Bretton Wood Institutions like IMF, World Bank etc.
Privatization is like a devaluation
of local currencies according to the dependency scholars is an international
capitalist conspiracy geared towards . the further or
continued exploration of African nations or (TWCs).
The basic ideas is that African
leaders or third world leader ought to examine critically is all about the
pressures mounted from donors creditors and multilateral financial institutions
which are predominantly western world
for Nigeria and infact other (TWC's) to privatize as a prerequisite for support
of adjustment and debt relief programme. This elucidate the issue of
exploitation of LDC's (Less Developed Country), by the Western developed
countries. Perhaps the origins, basis and support benefit which may accrues
from this policy must be critically looked into. The economic and political
implication of this issues must be critically and dynamically analyzed if privatization
and infact all other conditional ties given by donors creditors etc should be
embraced.
Moreover, it should be noted that the adoption
of market approach (free-market-economy), openness,
competition, liberalization, restructuring etc. has been rested dependents on
privatization of public enterprises.
Privatization is designed to increase
- economic effectiveness and efficiency by imposing market discipline in the
planning and management of public enterprises in Nigeria, after the influence
of technical committee on privatization and commercialization (T.C.P.C) in
1980's privatization was slower in the1990s privatization in Nigeria has always been in
sincerity on the part of our political lender. Perhaps another problem of
privatization in the Nigeria context is the core periphery analysis. The third
world countries (TWS's) are always tried to the apron string and dictate of
developed countries.
However, it should be noted that inspite of the inherent
flares in Nigeria's privatization process, there are some potent visible and of
the merit of the privatization policy are:
(a) The introduction of privatization will increase
effectiveness and promote efficiency.
(b) Generation of revenue for government which
may be used or social services provision.
(c) Lessening of the dominance of unproductive
investments in the public sectors.
(d) Reduction of complex administrative control
and placing greater reliance on market economy.
The privatization policy though emaciated
date prescribed by Western imperial list or Bretton-wood institutions has its
own strong point. The research work tends
to find out the flaws and prospect of the privatizations policy in Nigeria (TWC's)
and at 1Jhe end of the day prefer solution and make recommendations based on
such findings.
1.1 PROBLEM STATEMENTS
Public corporations and enterprises
are established by the government – in order to carryout vital services to the
entire populace at cheaper rate or even free but this
philosophy had been put aside by some arising holocaust or problems.
Perhaps, the paradigm of this is
that, this research work shall be predicated to problematizing the following viz:
(a) It is a fact that embezzlement corruption
and this appropriation of funds indeed affects the service oriented nature of
public enterprises.
(b) What are the role played by Bretton-wood
institution in the privatization policy of Nigeria and (T.W.C's)?
(c) What are the actual bureaucratic
bottlenecks or complex administrative control affecting the existing of public
enterprises in Nigeria.
(d) What are the social effect or poor finding
inefficiency and ineffectiveness of public enterprises
have on the populace.
(e) What then are the prospect of privatization
policy in Nigeria in relation to the bane of ethnicity and tribalism
1.2 RESEARCH QUESTIONS
(a) Will privatization of public enterprises in
Nigeria bring about economic glory?
(b) Will there be any productivity and
efficiency increase in mass production as a result of privatization?
(c). Will there
be any hope for the futures generation if privatization should be the ends
means in Nigeria?
(d).
Is there any level of accountability and
sincerity as well as determine goals by those leaders in the affairs of government at the process of executing
privatization policy-making in Nigeria?
(e).
Will privatization of public
enterprises amount to the reduction of high level of bureaucratic bottlenecks,
redupotism and corruption of the country?
1.3 RESEARCH HYPOTHESES
H1: Privatization and commercialization
in Nigeria will increase productivity and efficiency in public enterprises.
Ho.
Privatization and commercialization in Nigeria's public
enterprises will be a debutant of bureaucratic bottle necks and administrative
control.
H1: Privatization
and commercialization m Nigeria's public enterprises will be a competitive and
profitability.
H1: Privatization
and commercialization of Nigeria's public enterprises will likely encourage the
ideas of capitalism system of government.
Ho:
Privatization and commercialization policy in Nigeria and
other third world countries is a strategy by Western imperialist and
Bretton-wood institution further be elongated through their economic
dependence.
1.4 OBJECTIVE OF STUDY
The research work is embarked upon in
order to look into the problems and the good sides of privatization policy in
Nigeria. The objective of the
research work is based on the proper consideration of the socio cultural and the peculiar
nature of the Nigerian State in
the process of applying the privatization/commercialization policy in the Nigeria context:
The objectives of the
research work include the following:-
(i) To determine whether
privatization of public enterprise in Nigeria will bring about economic glory
(ii) To
determine the nature of Nigerian political and economic stability.
(iii) To determine the contexts of
Nigerian political and economic behaviour.
(iv) Determine
the outcome of government policies during military era and civilian regime.
(v) Determine the level of unemployment and
employment productivity.
(vi) To determine the future of Nigeria political
and economic contexts,
1.6 SCOPE OF STUDY
This research work is to cover the
flaws and prospects of privatization and commercialization of public
enterprises in Nigeria.
The research work will critically
examine the flaws and prospects of the policy since it was evolved to this
present dispensation as it affect the political and socio-economic context as well as well being of the Nigerian
State.
1.7 RESEARCH OF STUDY
The research word is significant m
the area of providently prescription
to the proper application of the privatization, policy making in Nigeria context. It significant had
been prescribes due to the fact that it
enhances the descriptive and analytic nature, the
research work will be based upon. The study will contribute immensely to national growth and development
based on the critical analysis that will be made, this is because, the critical
assessment of the flaws and prospect of the policy to the Nigeria State.
The research work creates values
added in the area of critical analysis of the
future about the privatization policy making in Nigeria, The study will also
serve the purpose of been a reference point to privatization scholars anti indeed policy makers on privatization and
commercialization in Nigeria and also
economic and political leaders.
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