This study,AN ASSESSMENT OF THE EFFORT OF PRIVATIZATION AND COMMERCIALIZATION ON THE NIGERIAN ECONOMY contains concise information that will serve as a framework or guide for your project work. The project study is well-researched for academic purposes and are usually provided in complete chapters with adequate References.
When the economic fortune of the organization of petroleum exporting countries (OPEC) nations suffered a tragic experience due to the sudden fall of the oil price in the eighties and nineties, the economy system of its members became a source of concerned as the survival of their organs was greatly threaten. Due to the sudden fall of the oil prices, several developing nations, therefore, evolved strategies that will pull them out of the economic being one of the country affected was not excluded and one of the strategy to be employed was to privatize and commercialize government public enterprises which many believed will lead the country out of her economic wound.
Nigeria National Petroleum Corporation (NNPC) is one of the public enterprises owned by the federal government of Nigeria to provide petroleum product to the populace. The wind of the economic recession that spreads across the country didn’t spare NNPC. NNPC got it share couple with mismanagement of resources by those responsible to manage the day-to-day affairs of the organization. These led to their in ability to meet the aims and objectives of setting them up. The only way out seems to privatize and commercialized the sector to have enough funds to meet its service to the populace through selling of shares and foreign investment.
This programme will not only make funds available but also provide better management and managerial skill for effectiveness and efficiency.
The study will examine its positive and negative on the enterprises. The Nigeria economy, employees and Nigerian government.
TABLE OF CONTENT
1.2 Historical background of study
1.3 Statement of problems
1.4 Significance of Study
1.5 Objective of study
1.7 Scope of the study
1.8 Limitation and delimitation of study
1.9 Definition of terms
CHAPTER TWO- Literature review
2.2 Privatization in Nigeria
2.3 Commercialization in Nigeria
2.4 Policies of privatization and commercialization
2.5 Objectives of the policies
2.6 Public enterprises in Nigeria
2.7 Reasons for privatization and commercialization
CHAPTER THREE – Research Methodology
3.2 Population of study
3.4 Method of data Collection
3.7 Secondary sources
3.8 Method used in Analyzing Data Collected
CHAPTER FOUR – Presentation and Data Analysis
4.2 Analysis and Presentation of Data
4.3 Summary of the finding
4.4 Test of hypothesis
CHAPTER FIVE – Summary, Conclusion and Recommendations
Privatization means the sales of public enterprises to private hands through the sale of share. The privatization programme in Nigeria is mean to benefit almost all Nigerians. While, Commercialization is the selling of share of some of the government to make them operate as profit making venture. It is the re-organization of enterprises in such a way that they shall operate as profit making commercial ventures and without subvention from the federal government. Commercialization can come in two forms;
HISTORICAL BACKGROUND OF THE STUDY
Privatization and commercialization was first hinted by the Shagari Government of Second Republic followed by Buhari’s Regime, but was only given priority in 1986 speech when the then president Babangida said that parastatals have constitute an unnecessary high burden on government resources. As from 1986 the volume of non-statutory transfer to all economic and Quasi-economic parastatals constitute not more than 50% of their present levels”
In essence, president Babangida Had went further to expressed out the position of government in relation or with respects to the public enterprises with regard to their performance, and criticized them as follows;
Other views are that government involvement in enterprises is the failure in economic development and that business is not a venture for government.
STATEMENT OF PROBLEM
As the country developed and the economy expanded many public enterprises in the country find it difficult to render effective service. A number of problems were responsible for the ineffective performance of these corporations and enterprises. They include;
Hence, in 1988, decree 25 was promulgated to recognize such enterprises. Thus, government corporations were commercialized. Now a second phase of the programme was inaugurated by the present administration taking a new step. The focus of the paper the examination of the success or other wise of the programme on public enterprises in Nigeria.
SIGNIFICANCE OF STUDY
The relevance of this study can be examined from three perspectives, as follows.
Finally, it is hoped that this research would serve as variable guide to our policy makers and future policy enquiries into this fold.
The study is relevant to the research as it will provider the opportunity to know more about privatization and commercialization.
It is also relevant to public enterprises or government corporations privatized or commercialized or yet to be privatize or commercialized specifically the case sturdy of this research work. As it will highlight to their operation. The recommendation made in this study will be useful to them in particular and to share holders.
Finally the project will be of immense importance to the general public either for research work or just to increase their knowledge and create more awareness on the concept of privatization and commercialization programme as well as the problems an solution to the problems of Nigeria public Nigeria.
OBJECTIVE OF STUDY
The objective of this study is to critically evaluate the effort of privatization and commercialization programme. The primary aim of this research is to:
Finally this project also intended to recommend ways of solving the problems of public enterprises in Nigeria.
In line with the objectives of this research work, the following hypotheses were made: –
H0 – That privatization of public enterprises will have negative effect on Nigeria economy.
Hi – That privatization of public enterprises will have positive effect on Nigeria economy.
Ho -That commercialization of public enterprises will have negative effect on Nigeria economy.
H1 -That commercialization of public enterprises will have positive effect on Nigeria economy.
H0 – That the privatization of public enterprises will not improve the operation and services, welfare and standard of worker in the public enterprises.
H1 – That the privatization of public enterprises will improve the operation and services, welfare and standard of worker in the public enterprises.
SCOPE OF THE STUDY
These research works intend to assess the effort of privatization and commercialization exercise on public enterprises in Nigeria.
The research will be limited to only Kaduna refining and petrochemical company (KRPC) Being the case study of this research work.
LIMITATION AND DELIMITATION OF STUDY
To undertake a study of this nature is not easy because it is a wide field of study and thus has various limitation/problem.
The first limitation is for the success of any research work depends on availability of fund. The fund is needed for buying of materials, browsing etc.
In the case of primary data. The respondent may not be granted the audience for interview another limitation is high cost place or more current information on the net.
A long the line, the administrative bottleneck of the organization may jeopardize the effort of the researcher in union case the management would refuse to disclose vital information as a matter of policy.
Most of the time the administration of questionnaires does not achieve its objectives, as filling is uncompleted and returning them are often delay beyond time reduced.
Finally, Time of compilation and submission of work is always too short. And many things are expected of the researcher to accomplish at a time, theses are not fair to the quality of the research.
This study is to confined to Kaduna Refining and Petrochemical Company (KRPC) were it will assess the effort of privatization and commercialization in Nigeria economy context. The research will cover the period from 1983 to date.
DEFINITION OF TERMS.
Have you made payment for this project? If YES, Get a Download Code by contacting our Customer Care.