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The Problems and Prospects of Privatization in the Nigerian Economy

The Problems and Prospects of Privatization in the Nigerian Economy

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DEDICATION

This research material, titled “The Problems and Prospects of Privatization in 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 Business Administration and Management (BAM) for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on The Problems and Prospects of Privatization in 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

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies
    • 2.5 Research Gaps
    • 2.6 Summary of Literature Review

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”


    ABSTRACT

    This research work is intended to x-ray some of the unexamined fact and the problem and prospect of privatization in the Nigerian economy. Privatization as a reformatory programme has come to rest in the Nigeria economy.

    One could say that privatization is a child of circumstance but it could be a circumstance itself if not well implement. This programme has worked well in some other countries though with some problems. The Nigeria environment has considerably militated against its smooth implementation.

    This study is intended to evaluate the privatization exercise already on in Nigeria by drawing inference form already privatized company such as NITEL, African petroleum, Niger dock but more emphasizing and detailed study was conducted in NITEL.

    The study will also help the researchers and management students have a basic knowledge of Nigeria political economic situation and efforts being advanced by the federal government to revive the economy.


    The Problems and Prospects of Privatization in the Nigerian Economy

    CHAPTER ONE

    1.0 Introduction

    The needs of a society stimulate the design of a programmed. In the programme, the missions and the objectives are clearly stated and all other thing required for its achievement of the programme are mapped out. This therefore suggests to the implementation of the programme that certain procedures need to be followed for the achievement of the peoples’ desire it is designed for.

    The issue of privatization as a programme is relatively new to Nigeria. It is an old issue in other countries like Britain, USA, and French etc.

    The concept of privatization crept into our vocabulary simultaneously with the economy crisis. The combination of stringent trade and exchange controls on the trend and over devaluation of the Nigerians on the other hand resulted in misallocation of resources, high incidence of capital flight and other problems which tended to undermined government control of the economy.

    Indeed, matters tended to get worse with the persistence and determination of balance of payment problems. The erosion of national credit, the inability of most holders of import licenses to effective by utilizing them owning to the death of confiding lines and acute shortage of raw materials as well as consumer goods pushed the country’s economy to a large of collapse.

    Here, in Nigeria, the emergence of privatization as a major public issues owning to the inefficiencies outlined above which as resulted to poor management of resources and consequently, general economic down turn could be as a result of Nigeria political system.

    “ECONOMY IS A FUNCTION OF POLITICS”

    Immediately often her independence, Nigeria became a sovereign nation. Independent in political and economic considerations, coupled with the windfall gains from the Crude Oil and the emergence of political tissues among the various ethnic groups geared up by tribalism, nepotism, favouritism and other extinct vices lead to the various coup and counter coup in the political area.

    Consequently, the constitution was abandoned decrees by various Military Government became the order of the day.

    …

    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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    In preparation for defending a project or seminar on The Problems and Prospects of Privatization in 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.

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