Select Currency
Translate this page

AN ASSESSMENT OF THE EFFORT OF PRIVATIZATION AND COMMERCIALIZATION ON THE NIGERIAN ECONOMY

Format: MS WORD  |  Chapter: 1-5  |  Pages: 76  |  3161 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE FULL PROJECT

CHAPTER ONE

1.1      INTRODUCTION

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;  
- Public enterprises are expected to operate profitably on commercial basis and to be able to raises fund from the capital market without government guarantee.
- Public enterprises which may be considered by the government for capital grant to finance their capital intensive project.  
1.2      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; v Been inefficient in their operations. v They are avenue for corruptions. v Financial burden on government v They are not making return in respect to investment made on them.   Other views are that government involvement in enterprises is the failure in economic development and that business is not a venture for government.  
1.3      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;
- In appropriate capitalization from inception.
- Improper definition of roles and objective for setting them up.
- Total government ownership which did not encourage profit orientation operations.
- Influence of political environment.
- Poor funding conditions of service and work environment
- Poor organization structure.
- Poor attitude to work on the part of workers of the corporation who believed that government would always provided subvention for the payment of their salaries and wages.
- Unnecessary interference in the management of the corporation by the supervising agencies of the government.
- The partial failure of the antagonization Degree.
- The windily foreign earning from export of petroleum which had become the main stay of the economy by the end of the 1970’s
- The heavy linkage of natural expenditure and product to imports resulting in heavy foreign debt burden from the early 1980’s and the poor performance of public enterprises and corporations, all combined to create rapid and serious down ward trend in the Nigerian economy.   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.  
1.4      SIGNIFICANCE OF STUDY
The relevance of this study can be examined from three perspectives, as follows.
1.   The Researcher’s point of view
2.   Nigerian Public enterprises
3.   general public 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.    
1.5      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:
a)   Find out the prospects and problems of the implementation of the privatization and commercialization programme on public enterprises.
b)  Find out to what extend the programme can be able to get rid of ineffectiveness and inefficiency of public enterprises.
c)   Find out its possibilities of fostering development on the Nigeria economy.
d)  Find out if will improve the welfare and standard of public workers.
Finally this project also intended to recommend ways of solving the problems of public enterprises in Nigeria.  
1.6      HYPOTHESIS 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.        
1.7    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.  
1.8        LIMITATION AND DELIMITATION OF STUDY
1.8.1  LIMITATION
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.  
1.8.2  DELIMITATION
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.  
1.9        DEFINITION OF TERMS.
a.     PRIVATIZATION:    Sell of public enterprises or corporations owned by the government to private individual to manage though the use of shares.
b.      PARTIAL PRIVATIZATION:     Sales of the part of the public enterprises to private individual.
c.       FULL PRIVATIZATION:    Complete sales of public corporations to private individuals.
d.      COMMERCIALIZATION:  This is when government enterprises are operated as profit making organizations
e.      PARTIAL COMMERCIALIZATION: When enterprises are operated to make maximum profit possible.
f.       FULL COMMERCIALIZATION:  When government enterprises are operated to make the maximum profit possible
g.     DEREGULATION:     To free trade, Business activity etc from rules and control.
h.     B.P.E:       Bureau for Public enterprises: this is an administrative set up for close evaluation of public enterprises in Nigeria.
i.      SHARES:  Part as portion of target amount which is divided among general or among people or to which many people contribute.
j       SHARE HOLDERS:   Owners of shares in Business Company.

  DOWNLOAD THE FULL PROJECT

AN ASSESSMENT OF THE EFFORT OF PRIVATIZATION AND COMMERCIALIZATION ON THE NIGERIAN ECONOMY

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON AN ASSESSMENT OF THE EFFORT OF PRIVATIZATION AND COMMERCIALIZATION ON THE NIGERIAN ECONOMY INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Abdulrazak Bello Marsha
Usman Dan fodio University
It was quite a better guide for project and paper presentation purpoting. Many thanks.
Average
Azeez Abiodun
Moshood Abiola polytechnic
I actually googled and saw about iproject master, copied the number and contacted them through WhatsApp to ask for the availability of the material and to my luck they have it. So there was a delay with the project due to the covid19 pandemic. I was really scared before making the payment cause I’ve been scammed twice, they attended so well to me and that made me trust the process and made the payment and provided them with proof, I got my material in less than 10minutes
Very Good
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about iprojectmaster.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Abdulrahman Jibrin
Nti Abaji
Nice one work prompt delivery tanx
Very Good
Peace From Unilag
I cried not knowing how to go about my project but the day i searched online and saw iprojectmaster, i called and got my full project in less than 15minutes, i was shocked!
Excellent
Abraham Ogbanje
NATIONAL OPEN UNIVERSITY OF NIGERIA
At first I was afraid.. But I discovered they are legit. I will bring more patronize
Very Good
Adam Alhassan Yakubu
UDS
Excellent work and delivery , I promise to share my testimonies everyone in need of this kind of work. You're the best
Excellent
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.
Excellent
Musa From Ahmadu Bello University
Thank you iprojectmaster for saving my life, please keep it up and may God continue to bless you people.
Excellent
Samuel From Ajayi Crowther University
You guys just made life easier for students. Thanks alot iprojectmaster.com
Excellent

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on AN ASSESSMENT OF THE EFFORT OF PRIVATIZATION AND COMMERCIALIZATION ON THE NIGERIAN ECONOMY?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on AN ASSESSMENT OF THE EFFORT OF PRIVATIZATION AND COMMERCIALIZATION ON THE NIGERIAN ECONOMY?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for AN ASSESSMENT OF THE EFFORT OF PRIVATIZATION AND COMMERCIALIZATION ON THE NIGERIAN ECONOMY, What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!