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effects of privatization and commercialization of government owned( 92 pages)

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92 Pages | chapter 1-5 | PDF and Microsoft Format

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effects of privatization and commercialization of government owned( 92 pages)

CHAPTER ONE

1.0 INTRODUCTION

1.1 BACKGROUND OF THE STUDY

Today, we are witnesses to sweeping changes that are taking place in the economies of both developed and developing countries. These changes relate to efforts to move away from government ownership, control or participation in the economy towards free enterprise and increased operation of market forces. On the whole, the changes ar3e making for the reduction in the role of government in the economy with a corresponding expansion in private sector ownership control and participation.

Despite the numerous measures in form of economic policies consisting of several incentives to promote industrial, agricultural, and other activities, the Nigerian economy for example still exhibits very prominent features of underdevelopment and such features includes poor managerial skill, heavy reliance on a single commodity oil, which has failed to provide the much needed capital in huge sums as expected for the conscious implementation of a single strategy of development.

Public business enterprises creates a solution in which national funds that would have been better spent to guarantee new economic activity and employment opportunities for the army of unemployed is being used to subsidize deadwood that would neither grow nor change. Public enterprises are enterprises that are controlled by the state, they are non-profit oriented enterprises.
The participation of the states in enterprises in Nigeria dated back to the colonial era. The task of providing infrastructural facilities such as railway, road, bridges, water, electricity and port facilities fell on the colonial government due to the absence of indigenous companies with the required capital as well as the inability or unwillingness of foreign trading companies to embark on this capital intensive projects.…………ORDER FOR COMPLETE PROJECT MATERIAL NOW!! .

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