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The Impact Of Privatization And Commercialization Of Public Enterprises On Economic Growth Of Nigeria
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1.2 STATEMENT OF PROBLEM
Privatization
and Commercialization of public enterprises is a vital tool for the
upliftment of the growth and development of the economy, more especially
the developing countries like Nigeria. Regrettably, the problems facing
this Privatization and commercialization program is numerous to
include:
a. Corruption
b. Lack of Transparency
c. Lack of accountability
d. Inconsistency and,
e. Incredibility
However,
it is based on these problems that the basic propositions of this
Privatization and commercialization program are being hindered. It is
important to note that he major function that informed the establishment
of these public enterprises are to control the resources and raise
funds for the provision of certain infrastructural facilities
particularly in services requiring heavy financial investment e.g.
railway, telecommunication electricity etc, also tope form the function
of generating revenues that will add to financial development program
and projects as reliable instrument for the crucifies of jobs and
ultimately facilitate economic growth and development. In trying to look
into these discrepancies and proffer a way forward toward a state of
Privatization and commercialization of public enterprise in Nigeria that
enhances economic growth and development this research work emanated.
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ABSRACT - [ Total Page(s): 1 ]So much effort has been made towards understanding the relationship between privatization and commercialization and the economic growth of Nigeria. Privatization and commercialization of pubic enterprises in every economy is introduced for the attainment of specific objectives which includes economic growth and stability. Data was collected and analyzed using ordinary least square method (OLS). The result of the study shows that there is a positive but insignificant impact of private investment ... Continue reading---
