Abstract
It is
because of social issues like economic inequalities, unemployment that made the
state to interfere in economy of
sector as a means or medium for economic and social development due to poor
managerial skill, weak technological base etc, this enhanced the zeal to
establish various enterprise institutions in
capital and lack of finance, public enterprises in
problems by the employees, managers and political interference in affairs of
public enterprises. The project title is the policy of privatization and
commercialization of public enterprises in
telecommunication. The problems are; is political interference and
mismanagement of resources responsible for the poor performance of public
enterprises in
Could policy of privatization and commercialization enhance the efficiency of
public enterprises? Structural-functional theory is used as suitable framework
of analysis for the policy of privatization and commercialization of public
enterprises in
The researcher reviewed some relevant textbooks, also used the secondly method
of data collection. He found out that privatization is seen as means to harness
economy or as measure to increase efficiency of the public sector or
organization. Also, the privatization and commercialization has improved the
potential, the efficiency and service delivery in
easily accessible and affordable. These are the recommendations; as the
privatization is in the hands of few individuals government should ensure that
before granting the license or opportunity, they should examine and select the
competent people who will handle private enterprises and not people of
questionable character. The only thing left is for government to hands – off
from those enterprises as advocated in the current or present privatization and
commercialization exercises.
Table of
Contents
Titled
Page = = = = = = = = = i
Approval
Page = = = = = = = = = ii
Dedication = = = = = = = = = iii
Acknowledgement = = = = = = = = iv
Abstract = = = = = = = = = = v
Table
of Content = = = = = = = = vi
Chapter One: General
Introduction
1.1 Background of the Study = = = = = = 1-4
1.2 Statement of Problem = = = = = = 4-6
1.3 Objective of the Study = = = = = = 6-7
1.4 Significance of the Study = = = = = = 7-7
1.5 Literature Review = = = = = = = 7-18
1.6 Theoretical Framework = = = = = = 18-23
1.7 Hypothesis = = = = = = = = 23-24
1.8 Method of Data Collection/Analysis = = = = 24-24
1.9 Scope of the Study = = = = = = = 24-25
1.10 Definition of the Concepts = = = = = 25-26
References = = = = = = = = 27-28
Chapter Two: Origin
of Public Enterprises in
2.1 Origin and Development of Public Enterprises
in
2.2 Justification for Public Enterprises = = = = 35-37
2.3 Financing and Control of Public Enterprises
in
2.4 Problems of Public Enterprises in
= = = 42-44
References = = = = = = = = 45-45
Chapter Three: Policy
of Privatization in
3.1 History and Development of Public Enterprises
in
3.2 Objectives and Forms of Privatization = = = 49-51
3.3 Necessary Conditions for Success of
Privatization = 51-55
3.4 Process of Commercialization in
= = = 55-59
References = = = = = = = = 60-60
Chapter Four: An
Appraisal of Telecommunication
4.1 History of Telecommunication in
4.2 Policy Objectives = = = = = = = 64-66
4.3 The Structure of
= 66-70
4.4 Privatization and Commercialization of
Telecommunication in
References = = = = = = = = 73-73
Chapter Five:
Summary, Conclusion and Recommendations
5.1 Summary = = = = = = = = = 74-76
5.2 Conclusion = = = = = = = = 76-78
5.3 Recommendations = = = = = = = 78-79
References = = = = = = = = 80-80
Bibliography = = = = = = = = 81-83
Chapter One: General
Introduction
1.1 Background of the Study
The importance for the establishment of
public enterprises or corporations was felt in 19th Century and
there after. There were a lot of upheavals in European society because of
industrialization and urbanization. Social issues like unemployment and
economic inequalities necessitated state intervention in economies.
is widely referred to as the father of public enterprises.
A good number of African Countries chose
the public sector for economic and social development. This account for the
reason why many more functions like industrial production, transport, social
services, communication etc were assigned to the state in addition to its
traditional functions like security, justice etc.
Despite the several exercises of Nigeria
economic policies to promote agriculture, industries and other activities,
government still depend on monoculture commodity (oil) which failed to provide
good capital investment and development due to weak technological base, poor
managerial skill etc. This promoted or enhanced the desire to establish various
enterprises and massive establishment of government agencies and institutions.
1979 constitution of
described the official operating of these enterprises and public servants they
managed as well as private enterprises. After reviewing the performance of the
Nigeria Railway Corporation in 1967 the commission that carried out the
exercise recommended that corporation should have an Executive Board whose Chairman
would also be the Chief Executive.
The government enterprises require
constant financial backing for the smooth running. Due to inadequate capital
and lack of financial autonomy public enterprises in
are confronted with a lot of problems, by managers and employees, government
interference, inadequate capital, technological limitation, and political
interference in the affairs of public enterprises in
Since monoculture economy cannot meet
the demand or generate large sum of revenue to run the economy or by public
enterprises, the government seeking ways to reduce the rapid increase of bad
economy by adopting policy to boost our economy.
Privatization and commercialization
policies are adopted by federal government as a remedy to problems that
emanated from public enterprises. There are economic policies which grant full
autonomy to public enterprises so that they can operate without government
subvention, control and interference which ultimately resulted in efficient
provision of service and high productivity that contribute to national growth
and development. Although, these two concepts have identical goals and purpose,
that is provision of efficient services to the public, high productivity and
profitability, yet, they are different in nature and character.
Social Plugin