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PROBLEMS AND PROSPECTS OF PRIVATISATION AND COMMECIALISATION OF GOVERNMENT PARASTATALS IN NIGERIA.

                                                                       ABSTRACT

This topic, problems and prospect of privatization and commercialization of government parastatals in Nigeria is the attempt to help the general public to know about the privatization commercialization of government parastatals in Nigerian.  Moreover, to enable the public to contribute their own quota in the privatization issue and find out the problems and prospect associated with the porgammes.

The chapter one deals with the introduction, the historical background of the programmes, and statement of problems objectives of study, significant of study, scope and limitation and lastly defination of terms.

In this project writing the chapters one from chapter one to five which give the view of what privatization and commercialization of government parastatals are all about.

TABLE OF CONTENT

CHAPTER ONE

Introduction                                                                                      1

1. Background of study                                                               5
2. Statement of problem                                                              13
3. Objectives of the study                                                            15
4. Research questions                                                                  15
5. Statement of Hypotheses (where appliable)                            16     
6. Scope of the study                                                                   17
7. Significance of the study                                                         17

CHAPTER TWO        

1. Review of literature                                                                 19
   1. The concept of privatization and commercialization               19
   2. Reasons for privatization and commercialization          46
   3. Types of privatization and commercialization                        50
   4. Objectives of privatization and

commercialization in Nigeria                                                   52

1. Functions of Technical common

on privatization and commercialization                                  54

1. Benefits of privatization and commercialization                     55
2. Advantages of privatization and

commercialization in Nigeria                                                   59

1. Problems of privatization and commercialization                   62

CHAPTER THREE

1. Research Methodology                                                            67     
   1. Research Design                                                                      67
   2. Source of data                                                                         67
   3. Population for the study                                                                   69     
   4. Determination of sample size                                                  70
   5. Distribution scale                                                                    71
   6. the technique of data analysis                                                 72

CHAPTER FOUR

1. Data presentation and Analysis                                              73     

4.1     testing hypothesis one                                                             88

CHAPTER FIVE

1. Summary of findings, Recommendations and Conclusion      93
   1.   Summary of findings                                                               93
   2. Recommendation                                                                     96
   3. Conclusions                                                                             99
   4. Limitation of the study                                                                     101

References                                                                               103

Appendices                                                                             105

CHAPTER ONE

1.0     INTRODUCTION

          The key component of the federal Government Adjustment programme is the drive towards higher efficiency in the public sector.  This necessitated the promulgation of privatization and commercialization Decree 25 in 1988 by the federal Government in which was reflected that government will divest it holdings in agricultural production, electrical appliances, hotels, foals and non strategic industries.  Government will also reduce its holdings in banks insurance companies and other financial enterprises without losing control.

          Privatization is thus, process of diversiting government ownership control and management of enterprises and agencies to private individuals and or groups of individual or business firms that are seeking their profit.  This is transfer of government owned industries or parastatals to the private sector.

          Hemmings aptly, described privatization as a laudable policy to help moderate the quantity of securities available for dealing on the stock exchange the described further as the transfer of ownership and control of assets

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