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The Impact of Privatization and Commercialization on the Nigerian Economy

The Impact of Privatization and Commercialization on the Nigerian Economy

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DEDICATION

This research material, titled “The Impact of Privatization and Commercialization on the Nigerian Economy” is dedicated to God for His boundless grace and guidance. It is also a tribute to all computer enthusiasts whose contributions made my research journey smoother and enriched my documentation process, making the experience truly fulfilling.



ACKNOWLEDGEMENT

I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Economics for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on The Impact of Privatization and Commercialization on the Nigerian Economy provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.



TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE:

  • Introduction
  • 1.1 Background to the Study 1
  • 1.2 Statement of the Problem 6
  • 1.3 Objectives of the Study 7
  • 1.4 Research Question 8
  • 1.5 Statement of Hypothesis 9
  • 1.6 Significance of the Study 9
  • 1.7 Scope of the Study 10
  • 1.8 Limitations 10
  • 1.9 Definition of Terms 11
  • REFERENCES 12

CHAPTER TWO:

  • Review Of Related Literature
  • 2.1 Introduction 13
  • 2.2 Conceptual Framework 14
  • 2.3 Theoretical Framework 19
  • 2.4 Empirical Review 29
  • 2.5 Impact of Privatization on Nigeria Economic Growth 31
  • REFERENCES 36

CHAPTER THREE:

  • Research Methodology
  • 3.1 Design of the Study 38
  • 3.2 Area of Study 38
  • 3.3 Population of the Study 38
  • 3.4 Sampling and Sampling Techniques 39
  • 3.5 Instrument for Data Collection 40
  • 3.6 Method of Data Collection 41
  • 3.7 Method of Data Analysis 41

CHAPTER FOUR:

  • Data Presentation And Analysis
  • 4.1 Introduction 42
  • 4.2 Analysis of Research Questions 42
  • 4.2.1 Objective One 42
  • 4.3 Objective Two 53
  • 4.4 Objective Three 56
  • 4.5 Objective Four 64

CHAPTER FIVE:

  • Discussion, Conclusion And Recommendations
  • 5.1 Discussion 70
  • 5.2 Conclusions 70
  • 5.3 Recommendations 71
  • 5.4 Suggestion for Further Study 71
  • BIBLIOGRAPHY
  • APPENDIX

ABSTRACT

This research work is titled “Impact of Privatization and Commercialization of Public Enterprises on the Nigerian Economy”. One of the economic policies of the government is the widening up of its developmental project and with the conceptual views of enhancing the development of a vibrant private sector with marginal public participation in the productive activities. In attempt to discourage the slow rate of private role in economic growth and in an effort to speed up development and equally compensate for the lack of active private sector, the government came to play active role in economic advancement.

Also, in order to ensure a viable economic, increasing Gross Domestic Product (GDP), improved standard of living and income per capital of its citizenry, the government did not only develop and finance necessary physical and human infrastructure, but also invested direct in productive activities through state owned public enterprises. Data for this work was gotten using questionnaire. The chi-square formula was used to test the hypotheses, the population size is 733 while the sample size is 244. Some of the findings of this study indicated the need for the review of policies on privatization and commercialization of public enterprises on the Nigerian economy.

Among the conclusion made were that privatization and commercialization have not really performed up to its expectation; hence the need for review and strengthening of the system. EEDC and NITEL need a holistic commercialization approach so as to serve their teeming customers satisfactorily and thereby effect a reasonable contribution to the nation’s Gross Domestic Product (GDP). The researcher also suggested that a study could be conducted on the strategies for improving the performances of privatized and commercialized public enterprises.


The Impact of Privatization and Commercialization on the Nigerian Economy

CHAPTER ONE

1.1 Introduction

… As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the Aim and Objectives of the study. Others are Significance of the study, Scope of work, Research hypothesis and questions, Limitation of the study and Definition of technical terms.…

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the conceputal review, theoretical framework, the review of related literature …

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Defense Procedure for Economics Researchers

In preparation for defending a project or seminar on The Impact of Privatization and Commercialization on the Nigerian Economy, it is imperative that as a nursing student, you demonstrate comprehensive knowledge of your research. The defense process is structured to include presenting your work, answering questions, and illustrating its pertinence. Initially, provide a succinct yet thorough introduction to your research topic, emphasizing its importance and the objectives, ensuring that both the audience and the External Examiner can understand the scope of your study.

Prior to your defense, be thoroughly acquainted with your research abstract and the critical elements of Chapter One, including motivation for embarking on this research, problem statement, objectives, and significance. In Chapter Two, be ready to cite at least two references from the literature review. For Chapter Three, you should be equipped to discuss the methodologies, tools, and techniques utilized. In Chapter Four, defend your research by justifying the findings and linking them to your research objectives.

Conclude your defense by succinctly summarizing the study and offering insightful, evidence-based recommendations. A professional dress code, such as wearing a suit and tie, is vital to create a favorable impression and elevate your presentation.

During the question and answer segment, the External Examiner may pose questions pertaining to your research. If confronted with a challenging or irrelevant question, respond diplomatically with, “Sorry, Sir/Madam, the question asked is beyond the scope of my study.” Whenever possible, direct your answers back to your research findings to reinforce your expertise.

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