ABSTRACT
Privatization
refers to transfer or conversion of government owned institutions to private
ownership. For instance, African Petroleum Plc. (AP PLC), National Electric
Power Authority (NEPA), Nigerian Telecommunication (NITEL). These institutions
are owned by the Government, if they are transferred into private ownership it
will increase the rate of productivity and efficiency within the organization.
In
other to write this project, it will be categorized into five chapters which
are summarized below:
CHAPTER ONE
This
will involve the introduction aspect of privatization, purpose of study,
limitation of study, the type of research questions to be carried out and
problem analysis.
CHAPTER TWO
This
chapter will involve literature review that is collecting of information from
relevant textbooks, pamphlets, journals etc.
CHAPTER THREE
This
chapter will entail the type of research methods to be used, data collection,
how to conduct personal interview and the type of research instrument that will
be used to conduct this exercise.
CHAPTER FOUR
This
chapter will involve data analysis, presentation of data and how to interprete
them.
CHAPTER FIVE
This
chapter will involve summary and conclusion, recommendations and suggestions
for further studies.
Bibliography/References
TABLE OF CONTENT
Pages
Title
Page
Certification i
Dedication ii
Acknowledgement
iii
Abstract iv
Table
of Content
CHAPTER ONE
1.1
Introduction 1
1.2
Purpose of Study 2
1.3
Significance of the Study 3
1.4
Problems Analysis 4
1.5
Limitation of Study 4
1.6
Scope of Study 5
1.7
Research Question 6
1.8
Research Hypothesis 6
1.9
Definition of Terms 6
Reference 7
CHAPTER TWO
2.1
Privatization 8
2.2
Impact of Privatization on the
Nigerian Economy 10
2.3
Reasons for Public Enterprises in
Nigeria 14
2.4
Brief History of Privatization in
Nigeria
15
2.5
Financial Implication of
Privatization 17
2.6
Prospect and Problem of the
Programme 18
References 22
CHAPTER THREE
3.1
Study Population 24
3.2
Sample Size 24
3.3
Data College of Techniques 25
3.4
Description of questionnaire and
Administration Method 25
3.5
Methods Adopted in Conducting
personal Interview 25
3.6
Limitation of the Methodology 26
3.7
Research Instrument 26
METHODS OF DATA COLLECTION
Primary
data 27
Secondary
data 27
Samples
and Sampling Technique 27
CHAPTER FOUR
DATA PRESENTATION AND INTERPRETATION
4.1
Classification and Analysis of
Responses 28
4.2
Analysis of Individual Questions 29
4.3
Age Distribution of Respondents 29
4.4
Marital Status of Respondents 30
4.5
Educational Qualification of
Respondents 30
4.6
Income level of Respondents 31
CHAPTER FIVE
5.1
Summary of Findings and
conclusions 39
5.2
Recommendations 40
5.3
Suggestions for Further Studies 40
Bibliography 42
CHAPTER ONE
1.1
INTRODUCTION
The
concept privatization denotes the transition from one ownership structure to
another. It is the transfer of some public institutions. Government holdings to
private individuals or corporate bodies.
Privatization
is a relatively new word in the English Language, it does not appear to have
found its way into English Dictionary.
The
concept of “privatization” means to make “private” or to convert from public to
private ownership. It denotes a transition from one form to another.
However,
even though the “private in privatization refers to the private sector. It does
not automatically connote private ownership in the sense of being owned by less
than fifty (50) persons as set out by companies Act private refers purely to
the sector of the Economy and usually within the private sector. There are
private companies and there are public companies.
It
is the strong indication of the Federal Government to allow private sector more
participation in the Economy to pursue grate efficiency in certain parastatals,
through privatization Government arguments for wanting to privatize some of its
parastatals among others are poor performance. It also aims at removing wastage
and inefficiency in those companies.
The
effect of privatization in an Economy will depend on low mixed the economy is,
one can then ask what is meant by mixed economy.
Mixed
economy as defined in the “Webster third new international dictionary is an
economy in which both privately and publicity owned enterprise operate
simultaneously”. In other words, it simply refers to an economic system whereby
ownership of means of production and distribution is shared between the public
and private sectors in such a way that dominance by any sector is not easily discernible.
Privatization
is therefore inevitable and indeed natural to this type of development process.
1.2 PURPOSE
OF THE STUDY
The
study can be viewed as a contribution to greater understanding of privatization
as an instrument that can be employed to increase productivity. The purpose are
stated below:-
-
Identity and access sources of revenue.
-
Look into the concept of privatization
in AP.
-
The impact of privatization on the
Economy.
-
Access the effectiveness in achieving
the set objective of the organization.
-
Formulate new privatization strategies
to supplement or replace existing ones that might be found ineffective.
-
Make recommendation aimed at providing
solutions to the problem of low productivity.
-
Discover and recommend other relevant
areas for further research work.
-
Prospects and problems of privatization.
-
Reasons for public enterprise in Nigeria.
-
The financial implication of
privatization.
1.3 SIGNIFICANCE
OF STUDY
The
findings of this research will be partial and theoretical significance not only
with reference for the organization studied, but also with regard to the
available knowledge about the impact of privatization on the economy.
Many
research studies have been carried out on the problems and potentials of the
African Petroleum (AP) and the researchers have made their views known. They
are all calling for one form of reformation or the other in the organization.
That
not withstanding, this study is a contribution to the body of knowledge
existing in the field of privatization.
The
relevance of this study however is the focusing of attention on the ways by
which African Petroleum (AP) efficient performances can be divided.
This
will definitely ensure better services to the numerous customers with the
multiplier effect of improved productivity increase on the level of the economy
and also in the enhancement of the social well-being of the populace.
1.4
PROBLEMS
ANALYSIS
The
privatization programme of Government parastatals was initiated to enable them
arrest the inadequacies inherent in some public institutions.
Although
the scheme appear executed to its logical conclusion, attainment of efficiency
in the institutions under reference appear illusive. The managers of these
institutions and other policy makers are now in a dilemma as to be reasons for
the highlighted issue.
The
problem of indiscrimate, way in which prices of service rendered by those
privatized parastatals cannot be over-emphasized. If they are not appropriately
controlled their activities may cancel the entire gain from privatization.
1.5 LIMITATION
OF STUDY
Because
of financial constraints, time frame and data collection, the research of this
study will be limited to African Petroleum Lagos Office. Thus I shall expatiate
the following factors as follows:
FINANCIAL CONSTRAINT:
The research will seriously be affected by non-availability of fund. This
however, is caused by the poor standard of living of people in the country,
which emanated from economic situation of the country and high rate of
inflation which has caused prices of commodities and other materials needed by
the research to increase.
TIME FRAME:
The time frame scheduled for the completion of the research is too limited and
thus, jeopardizing the findings.
DATA COLLECTION:
It should be noted that due to the nature of a typical African man, it is
always difficult to get or collect information from him without him not
thinking otherwise. Another aspect is that concerning developing countries in
which Nigeria
is one. It is difficult to retrieve information from the populace because
people prefer to keep their privacy. In a situation where data over the years
are needed, such data are not often possible to collect.
1.6 SCOPE
OF STUDY
This
research work is supposed to have covered the whole federation, since the
services rendered by AP Plc is nationwide but for time and financial
constraints, it will be limited to Lagos metropolis few organizations from both
private and public sectors of the economy were selected for interview.
It
is assumed that whatever result is obtained from this study will be useful for
the Government and the country as a whole.
For
the purpose of this study the following sources of information would make use
of Data Collection technique (primary) primary data. The bulk of the data of
this research would emanate personal interview, oral interview and
questionnaire.
Secondary
source of data – These are data collected from journals, newspaper, periodicals
and textbook.
SECTION
A – The question would be administered to various categories of staff at
selected Government parastatals, private sector narrowing it down to (AP Plc).
SECTION
B – This would be in two stages.
First stage:
General consumers/customers for the purpose of this study, twenty officers from
selected parastatals would be interviewed.
Second stage:
That schedule would be directed to some top officials of African Petroleum Plc.
1.7
RESEARCH
QUESTIONS
-
Has privatization programme improved AP
services.
-
Is inefficiency of AP Plc attributable
to inadequate privatization strategies.
-
What are the available facilities that
can enhance higher productivity in AP a result of inadequate facilities.
1.8
RESEARCH
HYPOTHESIS
-
Privatization programme have not
improved AP services.
-
Inefficiency in AP is attributable to
inadequate privatization services.
-
In efficiency in AP is attributable to
inadequate privatization strategies.
-
The available facilities in AP can
enhance higher productivity.
-
Low productivity in AP is due to
inadequate facilities.
1.9 DEFINITION
OF TERMS
(a)
Corporate
productivity: This refers to the target an
organization strives to meet in terms of product distribution.
(b)
Privatization:
This refers to conversion or transfer of government owned institution to
private ownership.
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