Evaluation of Privatization Policy in Nigeria (1999 - 2004)

Master's Thesis from the year 2012 in the subject Economics - Case Scenarios, grade: 2.1, Ahmadu Bello University, language: English, abstract: This study evaluated the privatization policy in Nigeria (1999-2004): A study of Bureau for public enterprises (BPE), with its objectives being to examine and evaluate the ongoing privatization programme. The problem of the study focuses on ways of finding out the factors that promote the problems associated with public enterprise like improper management, waste of resources and the feeling that what belongs to the government belongs to nobody. It comes obvious there after that government could no longer continue to support the monumental waste and inefficiencies of the public enterprises. In addition, the researcher adopted the use of questionnaire and interview method in obtaining information in which the simple percentage method was adopted in the analysis and test of hypothesis respectively, based on this, the finding established was that considering the bad nature of public enterprises in Nigeria, there is the need for them to be transferred into competent hands of the private sector in order to ensure that the enterprises are saved from collapsing and revitalize them for more productivity and efficiency towards economic growth and development. Finally the study sought to make recommendation in the area of transparency, despite the huge success recorded in the telecommunication sector, the BPE should replicate such successes in other sectors of the economy by ensuring that the hiccups in some of the privatization transactions handled by the Bureau are handled with utmost transparency and in all its transaction.