Disadvantages Of Privatization In Nigeria

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Ordinarily government should be responsible for certain service provision to the citizenry, especially power. However as political, economic and social activities expand, the role of government is to seek for more hands to maintain effective and efficient service delivery. Thus the call or need for privatization of our most sensitive power holding company of Nigeria. As part of the Structural Adjustment Programme (SAP) therefore, between 1988 and 1993, a total of one hundred and eleven (111) public enterprises were privatized based on the legal framework provided by Decree No 25, of 1998. Moreover, there has been no further privatization since 1993. In 1997, the Nigerian government set up a panel to examine the various options on privatization …show more content…

The statutory mandate of the BPE and NCP was to formulate policies on privatization and commercialization, approve guidelines and criteria for valuation of public enterprises slated for the exercise, approve choice of strategic investors, approve share prices and assets of state owned enterprises, designate and approve privatization advisers and consultants, approve enterprises for commercialization etc. The BPE is the Secretariat of the NCP designated to execute all the above functions of the NCP. Privatization has become a generic term often employed to describe a range of policy initiatives designed to alter the mix in ownership and management of enterprise away from government in favour of the private sector . it covers a continuum of possibilities from decentralization to market discipline . privatization in a lay mans word means the permanent transfer of control, as consequences of transfer of ownership right , from the public to the private sector 1.2 Statement of research …show more content…

• How has privatization impacted on the power provision in Amuwo Odofin • What are the impediments to effective service delivery of PHCN. • How can the PHCN be mobilized for better service delivery . 1.4 Objectives of the study. The main objective of the study Like every research work, is to investigate the following objectives; • To analyze the impact of privatization on the lives of the people • To find out the extent of public service delivery and the role it plays in privatization. • To examine the need for privatization. 1.5 Research Hypothesis A number of hypotheses are formulated to assists in answering the research questions and unraveling issues relating to the subject under study. These hypotheses are as follows: H1 Privatization of the power sector will bring about good public service delivery. Ho Privatization of the power sector will not bring about good public service delivery . 1.6 Significance of the

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