An Overview of the Privatisation Policy of Public Enterprises in Nigeria

Abstract

The poor performance of public enterprises in Nigeria have necessitated calls from the different sectors of the polity for government to privatise its various public enterprises for self-reliance, efficiency and economic growth. The IMF in particular, was instrumental in pressing on the Federal Government the need to take on the challenges of liberalisation of public enterprises for better productivity and relevance in the global economy. In keeping the pace with the demands of a globalized economy. The introduction of the market forces of demand and supply, have had a significant impact on the Nigerian economy. Similarly, there are fundamental flaws and other shortcomings associated with the programme...