PRIVATIZATION OF GOVERNMENT PARASTATALS AS A PANACEA FOR ECONOMIC GROWTH

(A CASE STUDY OF NEPA ENUGU)

ABSTRACT

Irrespective of the   fact that this project is meant to fulfill partial academic requirement efforts have been made to make the project more useful for knowledge seekers and students alike.

This project will enable the readers to know more about research accounted for the establishment of government owned institutions, various problems confronting them and how ineffective they have been managed and which had partially contributed to the declining economy in Nigeria.

The problem as it would be seen in course of this research will be dealt with under politics, administration and finance.  As a solution to these problems of parastatals in the programme of “ privatization of these establishments.  This will be the theme oft his project and effort will be made to define what the programme intends to achieve, meanings, prospects and problems of the project.

The success of the research is based on analyzing the basis of privatization methodological collection treatment of data analysis.  The project’s appropriateness as a means of solving economic problem would be analyzed. The likely effect it will have on the economy there after public at large government and parastatals involved.

It would be discovered that all these and many points like review of various suggestion of experts on the topic of privatization would be considered it is believed that this project will be of immense use to both   students coming behind as well as those that are involved in the policy making of this great country Nigeria as a basis of reference.

TABLE OF CONTENTS

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of contents

CHAPTER ONE

1.0            Introduction

1.1     Background of the study

1.2            Statement of the problem

1.3            Need for the study

1.4            Research questions

1.5            Scope of the study

1.6            Limitation of the study

1.7            Definition of terms

CHAPTER TWO

2.0     LITERATURE REVIEW

2.1     Contribution of   some business   executives, academics and professionals

2.2     Relevance of the review

2.3            A case study of related parastatals

2.4            Formation and development of NEPA

2.5            Financing and management of NEPA

2.6            Problems of NEPA

2.7            Commercialization versus privatization

2.8            Cases for privatization of NEPA

2.9            Cases against privatization of NEPA

CHAPTER THREE

3.0     Research design and methodology

3.1            Data collection

3.2            Area of study

3.3            Population of the study

3.4            Location of data

3.5            Questionnaire administration

3.6            Method of data collection

CHAPTER FOUR

4.0     Data presentation and analysis

4.1            Data analysis and interpretation

4.2            Summary of findings

CHAPTER FIVE

5.0     Discussion of result 

5.1            Discussion of result and findings

5.2            Conclusion

5.3            Recommendation

5.4            Suggestion for further research

Bibliography

Appendix (questionnaires)

CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

Government establishment from the inception was meant to give its service to Nigerian’s at a subsidized rate with the impact of our oil revenue. Privatization was at very low ebb because of the developing nature of our economy.

In recent time, the mismanagement of government parastatals has been a subject of debate. This is unconnected with the level of corrupt practices, which has permeated into the veins of wide range of Nigerian populaces. Lack of full utilization of resources, financial and administrative Mismanagement of most public sectors over the year has resulted into weak and stagnant economy, capital flight excessive debts incurring and under- development.

          The indolent performance of the state in the administration of public business establishments create a situation in which national funds that could have been used or better spent be generate new economic activities and employment opportunities are been used to subsidize dead wood that will never grow nor changes” as analogy for the public enterprise

It is against the background of re-organizing and making public enterprise more efficient profit making that the government of general Ibrahim  Babangida in his budget speech in 1986. Categorically declared to purse a policy of privatization of government parastatals since the introduction of SAP (structural adjustment programme) in 1986 the debate on the issue of privatization has gradually assumed the status of a national controversy.  As is common with all controversies the emotions generated the controversy often over shadow the issues itself.

More so president Olusegun Obasanjo in one of his broad cast made it clearer to Nigerians the essence of privatization in his government, which will bring development in all ramifications.

Privatization is mostly commonly defined as the “Transfer of government owned industries to public sector implying that the predominate share in ownership of assets on transfer lies with private shareholders”

Taking a survey of privatizations, it will discover that it is not a new subject in the economics’ literature.   Since the end of Second World War, rapid indeed spectacular development in technology especially in the fields of communication and information management has facilitated increasing contact

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