TABLE
OF CONTENTS
CHAPTER
ONE
1.0 Statement
introduction
1.1 Background
of the study
1.2 Statement
of problem
1.3 Aims
and Objectives of study
1.4 Significance
of study
1.5 Scope
and study
1.6 Limitation
of study
1.7 Statement
of study
1.8 Research
method
1.9 Plan of
study
1.10 Definition
of the terms
CHAPTER
TWO
2.0 Literature
Review
2.1 Concept
of Privatization
2.2 Benefit
of Privatization
2.3 Privatization
and Economic
2.4 Problem
of Privatization
CHAPTER
THREE
3.0 Research
Design
3.1 Method
of data collection
3.2 Questionnaire
3.3 Nature
of data Analysis
3.4 Questionnaire
Administration
3.5 Test of
hypothesis
CHAPTER
FOUR
4.0 Data Presentation
and Analysis
4.1 Data
Presentation
4.2 Data
Analysis
4.3 Summary
of Findings
CHAPTER
FIVE
5.0 Summary
Conclusion and Recommendations
5.1 Summary
of Findings
5.2 Conclusion
5.3 Recommendations
5.4 Suggestions
for further studies
CHAPTER
ONE
1.0 INTRODUCTION
The
idea of privatization dates back to the position articulated by the classical
economist who assumed that there exists unerring pendulum that always tend
towards equilibrium as the interaction of the market forces; demand and supply
are believed to be capable of regulating the economy.
The
move towards economic development has been the key aim of the Nigeria
government since independent. However, the methodology of attending this rapid
structural growth and development has been a problem to this extent, Nigeria
since independence has been adopting different tactics towards development but,
the implementation has been a problem. Besides, the use of state power,
authority and resorts as to promote the economic well being of individuals and
groups in society was introduce by the government.
All
over the word, the public service as a matter of fact, here not been known for
the capacity to create wealth. Meanwhile public enterprises have usually been
perceived as drain pipes for government budgets, this creating budgeting
constraints and avoidable burden on the economy.
Attention
which has been focused on the poor service delivery and inefficiency, financial
waste and poor management and other sundry problems have cause irreparable damage
to workers and organization goal of efficiency and effectiveness. It becomes a
national policy sector from the areas where the private sector has the
comparable advantage to perform, while letting the data concern itself with the
provision of infrastructure, thrive through enhanced wealth creation.
In
the case of Kwara state, the issue of mismanagement and under utilization which
led to hugs waste of resources and man power potentials pave the government of
the day number. Other option but, to pursue quickly the privatization programme
privatization is an economic policy, which entails the transfer of ownership or
control of public enterprises into private hand via government divestment and
sales of shares.
However,
this involves the private participation in the management and operation of
public enterprises.
Privatization
is the vehicle for restructuring public enterprises, deregulation and major
economy reforms. It attracts foreign capitals through core foreign investors,
foreign equity participation and injection of new technology
Privatization
aims to achieve efficiently, increase productivity and economic growth, which
will enhance for capital income and standard of living. The private sector in
Nigeria has developed sufficiency known.
How
to be able to take care of investment, financial and capital market are also
sufficiency developed to be able to play the role of expected of them. The
predominant argument about privatization is on doing things which private
operators should concentrate on doing things which and monetary policies.
Another side of the argument is the need to inject additional funds into the
economy from non government source. There is need for government to face the
problem of dwindling foreign exchange reserves and heavy external debt. The
fear should be erased from their mind because privatization has the effect of
changing the raise of employment opportunities and also can bridge the gaps
between the rich and poor. One of the public enterprises with government 100%
equity stated from full privatization is the Nigeria M.T.N limited
1.1 BACKGROUND OF THE STUDY
Nigeria
M.T.N sector has gone through metamorphosis since the colonial era M.T.N
facilities in Nigeria were first established in 1880 by the colonial
administration and these were geared towards discharging their administration
function rather than provision of socio-economic development of the country.
As
at independent in 1920, the total number of telephone lines was only 18,724.
for a population estimated at about 40 million people.
This
translated to a teledensity of about 0.5 telephone lines per 100 people. The
telephone network consists of 121 exchange automated between 1960 and 1985. The
M.T.N (P&T), where as P&T provided the internal network service, the
national external M.T.N (NET) provided the external services. The installed
switching capacity at the end of 1985 was about 260,000 lives as against the
planned target of about 460,000 lines, and all the exchanges were analogue.
Telephone
penetration remained poor at one telephone lines to 440 inhabitants recommended
by the Internal and Telephone Union (I T U). for developing countries,
congested and customer unfriendly, as a result of these, in January 1985, the
east while P&T and Net were merged to form Nigeria M.T.N limited (NITEL),
while a postal division was carried out and reconstituted into the Nigeria
postal service (NIPOST). There has been a modest development in the M.T.N
industry since the inception of NITEL 1985 with a public network of about
800,000 lines capacity as at date. In 1992, the M.T. created new entrants into
the market as private telecommunication operations (PTO), their company such as
multi links, and interconnectivity agreement with NITEL. A new down has just
set in with licensing of MTN, ECONET, GLOBACOM and NITEL as providers of Global
system of mobile (GSM) communications in January 2001. While the GLOBACOM
launched their own services in April 2003.
With
the deregulation of telecommunication sector by Nigeria the country has
therefore with massed increased activity in the sector. The sector has proven
to be a catalyst for the growth and development of other sector of the economy.
However, the deregulation is only a prelude eventual privatization of the state
owned NITEL.
1.2 STATEMENT OF PROBLEM
This
research finding is aimed at diagnosing the problem where in the public
enterprises which precipitated privatization. There is also the need to
evaluate the current privatization exercise of Nigeria MTN limited as a result
of the ineffectiveness of the sector to provide a better and satisfactory
service for the subscribes. This will be done with the view of determined how
effective the exercise is in the MTN industry in terms of being the catalyst of
industrial and economic development of any nation.
1.3 OBJECTIVES OF STUDY
The
main objectives of study include the following;
i To
strategically examine the effectiveness and efficiency of the MTN Company in
the face of privatization exercise in Nigeria.
ii To
see how policies put in place by the government would enhance effectiveness of
the privatization exercise.
iii To
examine how efficient and effective the MTN Company is after the privatization
exercise.
1.4 SIGNIFICANT OF THE STUDY
Privatization
has assumed a global trandard it is necessary to be abreast with the economic
development across the world and in particular within the Nigeria economic.
As
earlier mentioned MTN is a catalyst of industrial and economic development of
any nation. The sector has witnessed tremendous changes and competition in
recent times. Therefore, there is need, the explore the potentials as well as
us undertake a sheep look into how efficient and effective the privatization
exercise in Nigeria MTN section is order to make meaning contribution. Suggestion
and recommendation for the improvement and successful fully privatization
policy in Nigeria and in the MTN Company in particular.
1.5 SCOPE OF THE STUDY
This
research work will be exhaustive, fact finding entails objectives analysis of
the public enterprises performance with particular reference to MTN section.
The research will cover wider aspect in decision making relating to:
i The
strategies being adopted by the privatization policy of MTN plc in their bid
for greater development effectives services delivery.
ii The
object of privatization policy as well as the development process.
1.6 LIMITATION OF THE STUDY
The
problem which will hinder the smooth process of this write-up may include the
following:-
i Timely
retires of questionnaire by the respondent.
ii The
higher cost that will be involved in carrying out the project.
iii The
sensitive nature of the topic may make the respondent unwilling to provide the
required data.
iv The
interview problem, some those whom the researcher may not able to interview due
to the fact that they were so busy or clear avoiding the interview to the feat
of feat of possible reappraised from management.
1.7 RESEARCH PLAN OF THE STUDY
This
research work amongst other things aimed at studying and evaluating privatization,
as a viable tool for development of Nigeria economy with particular reference
to MTN.
This
study will spring up five chapters:
Chapter
one will comprise the general description of the study; introduction of the
topic; background of the study, statement of problem, purpose of study,
signification of the research, scope, limitation of the research, plan of the
study and definitions of the terms used.
Chapter
two will be based on the literature review under the write up of various
scholars and writers on privatization with the experienced of Nigeria MTN and
the benefits and problem of privatization.
Chapter
three will take a look at the research method, historical background of the
case study, statement of hypothesis population and sample size of study, method
of data collection, analysis and testing hypothesis.
Chapter
four, the research instrument data analysis will be defined and the testing
hypothesis taken place with research findings. Chapter five will be the summary
of the entire project work, conclusions and recommendations.
1.8 DEFINITIONS OF THEB TERMS USED
i Privatization:
Means any corporation board company or parastatals established by or under any
enactment in which the federal government or it agency in enterprises whether
wholly or permanently owned by the private hand to manage.
ii Enterprises:
Means any of its departmental ministry or agencies has ownership or equity
interest and shall include a partnership joint venture or any other form of
business arrangement.
iii Commercialization:
Means the re-organization of enterprises wholly or partly owned by the federal
government in which such commercialized enterprises shall operate as
profit-making commercial ventures and without subventions from the federal
government.
iv Full
privatization: Means the disinvestment by the federal government of all its
ordinary shareholding in the designated enterprises.
v Partial
privatization: Means the disinvestments by federal government of all its
ordinary shareholder in the designated enterprises.
vi Subvention:
Means subsidy given to certain services oriented parastals from government.
vii Infrastructure:
Amenities available for public and institutional for technical committee on
privatization and commercialization.
viii Installation:
The provision of services to the user’s end.
ix TCTC:
Is the acronym for technical committee on privatization and commercialization.
x Subscriber’s:
Telephone users
xi Teledonsity:
Telephone penetration rate.
xii Analogue:
Telephone system electro-magnetic based.
xiii Digital:
Telephone system computer based.
xiv Interconnectivity:
System of linking one exchange to another to facilitate connecting of
subscribers.
xv Deregulation:
Removal of restrictions or regulations on business entry.
xvi Competition:
Enabling environment for interplay of marketing forces of demand and supply.
xvii Innovation:
Diversification and improvement of varistics.
xviii Exchange:
The whole equipment which enables switching operation.
xix Switching:
Linkage the originating cells to the desired destination.
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