Introduction
This work is being carry out is enable us solved the problem of unemployment that is becoming more rampant in our economy and at the same time making our industrial sector function effectively and efficiently to enable us achieve our desire goals and objective
1.1 General Background To The Subject Matter
In any developing country, the government is the main initiator and promoter of economic development. This is specifically true in Nigeria government in development countries usually intervene in some area of the economy in which private sector cannot perform.
According to Abubakar 1985, which stay in, order to facilities the achievement. Of the national development objective. The federal government has instituted and made use of many public enterprise over years it would be beneficial to recall that in the fifties and sixties Agriculture, was the main stay of Nigeria economy. The early seventies with ness rapid increase in oil revenue for Nigeria at a level that won never anticipated, crude oil has since then remained the main source of the Nigeria economy.
This new dimension got the government involved pronounced with wildly diversified investment in area that span both traditional sectors and elusive private sector business. It is importunate thing to say that the Nigeria public enterprise have failed in the efficient provision of the service for which they were established infact it is this feeling of failure and hopeless situation arising from the increasing difficultly as the side of the government that promoted the proposition of the privatization policy in Nigeria.
Privatization was first hunted by the shagbark government of the second republic ( 1979-1983) it was later mentioned again by the general Buharis regime (1983-1985) but is was given priority in the 1986 budget by general Ibkahim Badamasi Babangida who was the head of state from (1985-1993) he said “the parastatals have generally come to constitute can unnecessary heavy burden on the government resource” as from 1986 the volume non statuary transfers that all economic parastatals would institutes that successive Nigeria government have invested up to eight hundred billion naira (N8086) in public owned enterprise and the annual returns on this huge investment.
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