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THE EFFECT OF PRIVATILATION AND COMMERCIALIZATION ON NIGERIA ECONOMY

 

ABSTRACT

The effect of privatization and commercialization in Nigeria economy I propose to research and find out some of the effect of privatization and commercialization on Nigeria economy.

This project is divide into three chapters, chapter one highlights on the introduction part which expand the privatization and commercialization   as economic policy garnet toward reelecting Government it, hold on direct participation in economic operation of the country.

The second chapter engaged in to dearly discussion of the objective of the policy, which has to do with the handling to private sector these public enterprises, which they can manage better.

The third chapter, having had a critical look on the programme and observation implementation problem, you now see that the exercise which the serval major enterprise. Listed for privatization have been take of the list including rolling mills fertilize etc.

Summery and conclusion, the engine of the economy and industries growth in the modern society is the privatization and commercialization.

 

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY

 

Decree 100.25 of 1998 Nigerian constitution define privatization as the handing over of on or part of the equity and other interests hold by federal government of or its urgency in enterprise whether wholly or partly owned by federal government to private individual. Hence it’s the process of transferring public enterprises and government parietal from state ownership to private individual or organization.

Commercialization as it’s defined in decree No. 25 pf 19988 constitution is the reorganization of public enterprise wholly or partly centered by Federal government in which such commercialized enterprise will be allowed by government to charge for it product or services price as may be determined by market forces.

Therefore privatization and commercialization is the economic policy that holds government back form direct participation in economic operation of its country. By doing this, private investment as against public investment will determined economic factor and the industrial development of such country. While the government will focus it attention and duty bound to create enabling environment for such investment to thrive.