PROBLEMS AND PROSPECTS OF PRIVATISATION AND COMMECIALISATION OF GOVERNMENT PARASTATALS IN NIGERIA.

PROBLEMS AND PROSPECTS OF PRIVATISATION AND COMMECIALISATION OF GOVERNMENT PARASTATALS IN NIGERIA.

Click here to download our android mobile app to your phone  for more materials and others

COMPLETE PROJECT  MATERIAL COST 5000 NAIRA OR $10 , 

. A FRESH TOPIC NOT LISTED ON OUR WEBSITE COST 50,000 NAIRA ( UNDERGRADUATE) OR 100,000 FOR SECOND DEGREE STUDENTS. $500. PLUS  FREE SUPPORT UNTIL YOU FINISH YOUR PROJECT WORK. CONTACT US TODAY, WE MAKE A DIFFERENT. DESIGN AND WRITING IS OUR SKILLED.  DESIGN AND WRITING IS OUR SKILLED.

Note: our case study can be change to suit your desire location . we are here for your success.

                                   ORDER NOW

MAKE YOUR PAYMENT  INTO ANY OF THE FOLLOWING BANKS:
 GTBANK
Account Name : Chi E-Concept Int’l
ACCOUNT NUMBER:  0115939447
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANKER SECURITY GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

Enter Amount

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 2 HOURS

How to transfer from your bank account to All  Nigeria banks without internet

1. Access Bank:
—-*901#

2. EcoBank:
—-*326#

3. Fidelity Bank:
—-*770#

4. FCMB:
—-*389*214#

5. First Bank
—-*894#

6. GTB:
—-*737#

7. Heritage Bank:
—-*322*030#

8. Keystone Bank:
—-*322*082#

9. Sky Bank:
—-*389*076*1#

10. Stanbic IBTC:
—-*909#

11. Sterling Bank:
—-*822#

12. UBA:
—-*389*033*1#

13. Unity Bank:
—-*322*215#

14. Zenith Bank:
—-*966#

15. Diamond Bank
—-*710*555#

To know your BVN, dial
—-*565*0#.

E.g for First bank…   *894 *Amount *Acct. No. #

Please dail d code from d number u used to register d account from the bank

CALL OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

CK GUARANTEE

Click here to download our android mobile app to your phone  for more materials and others

 

ABSTACT

This topic, problems and prospect of privatization and commercialization of government parastatals in Nigeria is the attempt to help the general public to know about the privatization commercialization of government parastatals in Nigerian.  Moreover, to enable the public to contribute their own quota in the privatization issue and find out the problems and prospect associated with the porgammes.

The chapter one deals with the introduction, the historical background of the programmes, and statement of problems objectives of study, significant of study, scope and limitation and lastly defination of terms.

In this project writing the chapters one from chapter one to five which give the view of what privatization and commercialization of government parastatals are all about.

 

 

 

 

 

 

 

TABLE OF CONTENT

CHAPTER ONE

Introduction                                                                                 1

  • Background of study 5
  • Statement of problem 13
  • Objectives of the study 15
  • Research questions 15
  • Statement of Hypotheses (where appliable) 16
  • Scope of the study 17
  • Significance of the study 17

CHAPTER TWO

  • Review of literature 19
    • The concept of privatization and commercialization 19
    • Reasons for privatization and commercialization 46
    • Types of privatization and commercialization 50
    • Objectives of privatization and

commercialization in Nigeria                                                       52

  • Functions of Technical common

on privatization and commercialization                                        54

  • Benefits of privatization and commercialization 55
  • Advantages of privatization and

commercialization in Nigeria                                                       59

  • Problems of privatization and commercialization 62

CHAPTER THREE

  • Research Methodology 67
    • Research Design 67
    • Source of data 67
    • Population for the study 69
    • Determination of sample size 70
    • Distribution scale 71
    • the technique of data analysis 72

CHAPTER FOUR

  • Data presentation and Analysis 73

4.1     testing hypothesis one                                                                  88

CHAPTER FIVE

  • Summary of findings, Recommendations and Conclusion 93
    • Summary of findings                                                                   93
    • Recommendation 96
    • Conclusions 99
    • Limitation of the study                                                                101

References                                                                                   103

Appendices                                                                        105

CHAPTER ONE

1.0     INTRODUCTION

          The key component of the federal Government Adjustment programme is the drive towards higher efficiency in the public sector.  This necessitated the promulgation of privatization and commercialization Decree 25 in 1988 by the federal Government in which was reflected that government will divest it holdings in agricultural production, electrical appliances, hotels, foals and non strategic industries.  Government will also reduce its holdings in banks insurance companies and other financial enterprises without losing control.

Privatization is thus, process of diversiting government ownership control and management of enterprises and agencies to private individuals and or groups of individual or business firms that are seeking their profit.  This is transfer of government owned industries or parastatals to the private sector.

Hemmings aptly, described privatization as a laudable policy to help moderate the quantity of securities available for dealing on the stock exchange the described further as the transfer of ownership and control of assets from the public to private sector.

Commercialization on the other hand means that the signated enterprise will be excepted to generate enough revenue to cover their operation expenditure while government gives them capital grant to finance their capital intensive projects.

As a matter of feet, commercialization under the Decree 25 of 1988 on privatization and commercialization was defined as the re – organization of enterprises wholly or partly owned by the federal Military Government such that these enterprises shall operate as profit these making commercial ventures and without subvention from the federal Government.

The Government involving itself in business enterprises came as a result of predominance of state owned enterprises reflected a desire to control the economy after the colonial rule in the country.

The 1983 presidential commission on parastatals, examined the operating all the parastatals with  a view to determine the basis for new funding scheme appropriate capital structure as well as incentive measured to enhance their productivity and general efficiency.

Following the commissioning, the year 1989 was earmarked was earmarked, the first year of implementation of the privatization and commercialization programme of the federal government of Nigeria.

It was firs announced in 1986 as part of the board efforts to reduce budgetary allocation to public sector efficiency and support the aim of fiscal balance.  Divest holding will be taken care of to avoid it being conra-concentrated in the hand of few individuals.

In order to enable all interested citizen own shares in the private enterprises commercial banks were directed to grant credit facilities for the purchase of shares under the programme central bank of Nigeria programme 1989.

In the recent years, 2003 another step into privatization and commercialization has been taken by His excellency, Chief Olusegun Obasanjo, the president of the Federal Republic of Nigeria, as this has been a dream in the mind of Nigeria government for the post years, to invest profile an denounced political, social and economic development on a sustained basis.  It is with this goals in minds, that it is realinging its policies and programmes to create the enabling environment for efficient government and put in place a viable private sectors.  These public sectors include:  NNPC, NITEL etc.

Consequently, there are reasons why government embarks on privatization and commercialization of parastatals such as:  government desires to bring optimum efficiency into the industrial sector of the economy.  This shows  that government can work effectively achieve its social and development goals by reducing the widespread administration over commitment of the public sector and development relying on the managerial capacities of private individuals and firms which can respond to local needs, particularly in small scale industries.

Privatization is imperative for ramping  over economy that has been characterized by typical problems of a state or country dominance over their economy which can be outlined as follows.

  1. Decline in real gross Domestic product.
  2. Deap seated corruption and political instability fueled by the concentration of wealth and power of the centre.
  3. Unfair shift of resources from the massiue public to the government causing widespread of poverty etc.

These problems which are connected in one – way or the other showed that a grant proportion of economic activity is controlled by inefficient government owned enterprises therefore accounting for the decline in GDP and slow rate of growth in the economy.

 

1.1     BACKGROUND OF THRESHING  PRIVATIZATION AND COMMERCIALISATION

          Government involvement in business enterprises in Nigeria and the predominance of state owned enterprises, reflected a desire to control the economy after wrestling political control from the colonialists enterprises and viable indigenous private sectors, the government had to move into the large empty spare left by society to take over the budding economy.

Government played a very important role in many areas of economic and industrial development.  Moreover, provision of services is such areas of business like, insurance, petroleum manufacturing, shipping and banking where government acquired equity interests in twelve commercial and merchant banks.  In all these, Nigeria had a rather bloated public sector with well over 1500 public enterpr

Share This:

Leave a Reply