PRIVATIZATION AND COMMERCIALIZATION OF PUBLIC ENTERPRISES IN NIGERIA: THE CHALLENGES OR PROBLEMS AND THE WAY FORWARD

Kehinde John Adegbite

Abstract


This paper examines the challenges or problems of the privatization and commercialization of public enterprises in Nigeria and the way forward. Privatization and commercialization are vital tools for the upliftment of a country economic most especially the developing countries like Nigeria. The main performance of the public enterprises in Nigeria has becomes illusion and now brings about policy recommendations on how best to move them out of their predicament. However, the problems facing this privatization and commercialization programme of public enterprises are too many to mention. Therefore, this paper reviews privatization and commercialization in Nigeria. And also unveils the objectives, challenges or problems of privatization and commercialization. The study, however, adopts the economic theory and public choice theory to interrogate the discourse, it however, uses secondary source of data collection to gather needed information. Importantly, it also offered some way forward to make privatization and commercialization of public enterprises successful in Nigeria. Finally, privatization and commercialization of public enterprises is aimed at encouraging private initiatives that would, inculcates market discipline, monitor performance, create better opportunities and accountability and evolve better management.

Keywords


Challenges, Commercialization, Privatization Policy, Public-Private Sectors, Nigeria

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References


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 ISSN (Print):   2695-2319

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