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
Scotland during the 1960s and 1970s witnessed an increase in inequality due to UK government policy. Prime minister of Britain Margaret Thatcher followed privatization policy Major nationalized industries were sold to the private sector. People of Scotland saw that this policy was unfair and unsuccessful because it feeds only the interest of the rich people, because of this policy considerable number of people became jobless. Privatization policy impacted negatively on Scotland, the very poorest of the household have become even poorer and the richest of individuals have become richer. In addition, the rate of unsafe work, part-time work and out agency self-employment increased, even reducing the tax rate was provided only to the people who
What is privatization? How does it work? Why do we have it? These are a few questions that are running through the minds of millions of Canadians every day. There are many current issues and debates based around the topic of privatization going on with small businesses, large businesses and most importantly the government.
What impact will the prospect of deprivatization have on investment by managers of privatized firms? Deprivatization occurs when ownership is transferred from the private sector to the public sector. So if a private firm reverts back to government ownership, the managers will have less control over the company.
Introduction to Business Law Introduction Now-a-days, people having higher bargaining power are engaging into acts that are unconscionable, in order to attract the consumers and exploit the workers. Such misleading and unconscionable acts of the businessmen, suppliers etc. are made punishable by the Australian contract and consumer laws and also competition laws in order to maintain fairness in the market. Under the contract law, pre-contractual misrepresentations can provide contractual remedies (Fox & Trebilcock, 2013). That is to say that even before a contract is made, if the person making the promise makes a misrepresentation, due to which the other party accepting the promise shall enter into the contract, in such a case the party that
Randy Gragg wrote “A High-Security, Low-Risk Investment: Private Prisons Make Crime Pay” Gragg is the architecture and urban design critic for the Oregonian, Portland’s daily newspaper. Gragg has written on wars, visual art, film and performance. Randy has shifted his journalistic focus to writing on the built environment. Beyond reviewing completed projects, he has worked to build a larger constituency for better design by frequently writing about buildings and planning efforts in their generative phases when citizens and officials can still affect them through the public review process. Since moving to the Northwest from Nevada, Randy has pursued numerous writing and curatorial projects in art and design.
putting the security of these civilians a risk, defeats the whole purpose of social security, which is why the privatization of Social Security would be foolish. A major risk of privatization is that the transition from a “pay as you go” system to a fully funded system would be very difficult to manage, for many reasons. Currently, the taxes paid by each generation of workers fund the retirement benefits of the previous generation of workers. While each generation of workers has been confident that its retirement would be financed by the next, this confidence is eroding (Pollard 1).
Nigeria’s economic prospects were what fueled the passion of most politicians from both the North and South of Nigeria. This meant that when Nigeria finally gained independence these politicians made sure that there was no room for outside interference with how the country’s economy was run. Therefore, to understand the reason for the economical difference between Northern and Southern Nigeria in the fifteen years following independence one would have to examine the financial decisions and events that set Nigeria’s economy on a path that was nothing short of disappointing by the end of
The modern private prison first started and was established publicly in 1984 when Hamilton County, Tennessee had awarded the correction corporation of America (CCA) a contract to take over the facility. This was the first time the country had ever contracted out the complete operation of the jail to a private operator. The 1980s, brought in a new era of prison privatization. With a burgeoning prison population resulting from the “war on drugs” and prison overcrowding, increased use of incarceration and rising costs became increasingly problematic for local, state, and federal governments. Resulting from it all they had to begin expanding criminal justice system, private business interests saw an opportunity for expansion, private-sector
This case study will assess the government of Florida, a state government. It will touch on several important issues such as providing a general overview of how the government functions and what resources it provides, as well as some current issues the State of Florida is facing in government administration. Because the State of Florida is a state government, it tends to “resemble the national government in composition and organization of their executive branch agencies” (Milakovich, 2013, p. 21). The work and services provided by the State of Florida include services for children and families, such as services concerning adoption, child abuse, children with disabilities, food stamps, and marriage/divorce.
Scope of Practice Describes the procedures, actions, and processes that a healthcare practitioner is permitted to perform in accordance with the terms of their professional license. The scope of practice is limited via laws which are based on specific education and experience, and demonstrated competency based on profession. Defined by state boards of medicine, boards of nursing with the guidance or instruction of the state’s legislature.
China has seen the advantages of privatization in the last decade. They have privatized sectors like public transportation, critical infrastructure, and telecommunications, and the country has even grown to become the largest privatizer in the world (Sharma). As China’s
The issue of Privatization in America has gone back to the 1800s. Yet, throughout the centuries the effects of this have been debated; whether Privatization good or it’s bad. Though, like any issue Privatization’s effects are not black and white. In order to understand Privatization effects, one must look at Privatization’s history, positives, and negatives. Since its origins in America in the 1800s, Privatization has changed.
In the introduction you shortly explain what the issue is about and where the problems find place. Furthermore within the research report the reader will capable of reading about various diverse areas of the issue and topic at
The key is raising efficiency and lowering the overhead cost of service not privatization. Today the Canadian government like many governments is hesitant to raise taxes or add to their already large debt burdens with new financial projects. The selling of crown corporations is an easy and viable solution to help relief some of the short-term debt. The government is continually trying to lower capital and operating costs by handing off crown corporations as they did with Air Canada. Three forces that have made privatization more common in Canada in recent years are greater foreign investment, globalization and reorganizing and managing organizations.
Low productivity and 7. Endemic corruption, greed. Given the Nigeria’s socio economic and political disposition Globalization presented more challenges for the country for it lacks what is needed to be relevant and deal with it untill the nation can achieve a certain measure of good governance, modest economic