The Effect of Privatization and Commercialization of Government Owned Industries

Overview of The Effect of Privatization and Commercialization of Government Owned Industries

The government felt that some public sector businesses are performing below expectations. Some  incurred debts, which are being repaid and serviced by the government. The government also became worried that substantial part of its capital votes were used to support public enterprises whose provision of goods and services were often expensive, inefficient and subject to political manipulation. The Federal government therefore decided to privatize and commercialize these enterprises as a way of saving and instilling the spirit of efficiency in the effected areas of enterprises.

An explicit step by step procedure is to be used in the research methodology. The use of primary and secondary sources of data collection is to be  applied. The research based with in Enugu metropolis. An elaboration discussion and interview with specialists and members of staff of Nigeria Breweries (NBL) is to be done. Also the use of real materials by professionals and learned men is applied.

However, the research is confronted with a good number of factors which constricts the research .time being the first constricts the combination of my lectures, Assignments and personal chores is a bit furious. Money which has ordinarily constituted a hindrance is not adequately provided for the research, which needed enough cash for transportation, information and material. The protocols to be observed is not welcoming, things are  unnecessary  prolonged. The  last and never the leastwise inadequate braise, material, research guidance and experts in the project research topic who suppose to give a professional advice.

Meanwhile, I believe this research topic has a long way in reducing financial malpractice, bringing financial relief for the government, bringing productivity and quality, help raise government revenue, lesson the dominance of unproductive investments in the public sector, develop capital market and promote enterprises and industrialization etc.

TABLE OF CONTENT

Cover page

Title page

Approval page

Dedication

Inspiration

Acknowledgement

Abstract

Table of content

CHAPTER ONE

1,0   INTRODUCTION

Background of study

Statement of the problems

Objective of the study

Research questions

Significant of study

Research hypothesis

Scope and limitation of the study

Definition of terms

CHAPTER TWO

2.0       RELATED LITERATURE REVIEW

2.1       Meaning and definition

2.2       Objective commercialization

2.3       Objective privatization

2.4        Objective and main provision of the degree

2.5       Argument and implications

2.6       References

CHAPTER THREE

3.0       RESEARCH DESIGN AND METHODOLOGY

3.1       Source of primary data

3.2       Source of secondary date

3.3       Research population

3.4       Sample size

3.5       Method ;of investigation

3.6       Method of ;analysis

3.7       Interview questions

CHAPTER FOUR

4.0       DATA PRESENTATION AND ANALYSIS

4.1       Distributions and return questionnaire

4.2       Analysis of research data

4.3       Test of hypothesis and prove

CHAPTER FIVE

5.0       SUMMARY, CONCLUSION AND RECOMMENDATION

5.1       Summary of findings

5.2       Conclusion

5.3       Recommendation

Biography

Appendix

 

Chapter One of The Effect of Privatization and Commercialization of Government Owned Industries

INTRODUCTION

There is no doubt that privation came in the hesitation of the policy of librization and the advancing for market based  reform..  It has also become an important  component Globalization.

Privatization has since been  endorsed by multi  lateral financial institution as a major plank of adjustment policies , which are being , implemented in a number of developing country including Nigeria of course in development literature privatization as become the linchpin (things that is most important part of  an organization )  economic liberalism.

The advocate of privatization  believe that it is very effective stage for improving operational efficiency ,  broaden share  ownership ;, attracting foreign investment and reducing the role of the state in these areas where the private sector  process the capacity  to operate more efficiently and more productivity . (Jerome, 1999; 2)

Several countries in the developed and developing world are increasing privatizing state owned   enterprises. (SOES)  indeed, between 1988 and 1994, developing country sold about 3300 state owned enterprises.

The rush towards privatization in developing country most especially, has been attributed to the poor performance of publicly owned enterprises which has been largely managed by the staff. In the 70s, state enterprises where prominent in the extractive industries, utilities and infrastructure such as electricity railway, telecommunication etc. in Nigeria .unfortunately . this enterprises become  money guzzling outfit, rely on regular subsidies  from government and   survived only on the monopoly status they enjoyed.  Many of them were over staffed and were bally managed

All of this deficiency necessitated a rethinking on the roll and structure of publicly owned or state owned enterprises like  NEPA. The introduction of  SAP in 1986 set the tone for the process of privatization of public enterprises in Nigeria.

In spite of the foregoing justification for privatization,  it is important to point out ;that the private s sector in Nigeria as depended  largely on the state for; its survival studies have showed that in terms of investment of productivity