The study examines the association with commercializing enterprises in Nigeria. In addition, it seeks to investigate the reason for commercializing public enterprises in the country. Issue generated by commercialization and its impact on the Nigerian economy as a whole properly analyzed. The primary and secondary sources of data collection were used to gather facts relating to the study. Government has for a long time monitored the performance of these enterprises in terms of contribution to economic growth. In the course of this study, it has been discovered that most of those public enterprises if not all have constituted an unnecessary high burden on government resources. Commercialization therefore, is seen as a means of restructuring the economy. Finding also shows that, its implementation has positive impact or satisfactory. Finally, it is obvious here that commercialization will have a positive impact on the economy.
Right from the beginning the Nigerian administration registered it importance with an unprofitable government companies and left no one in doubt as to its plan to sell them off to the public if only to make them more efficient. Before the promulgation of Decree No. 25, 1988 Commercialization and Privatization programme, the Buhari’s administration (in 1984) and focused attention on the necessity of restructuring the Nigerian economy when it established a number of study groups to address various aspects of the Nigerian economy. The former Chief of General Staff Commodore Ebite Ukiwe, Ex-ray the magnitude of waste emanating from government parastatals and companies. According to him between 1979 to 1985, government suck about N23 billion those ventures, equity made of N11.4 billion while N10.4 billion was give as loans granted within the same period and as disappointing a paltry average of less than 10%.
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