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The Role Of The Nigerian Government In The Privatization And Commercialization Of Public Enterprises
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1.4 SIGNIFICANCE OF THE STUDY
This
project recognizes the intrinsic importance of the privatization
programme to the nation and international community. This will serve as a
test case for the efficacy and efficiency in the pursuit towards
economic emancipation. The design of this study will give a practical
meaning and illustration to the redefined role of government as an
enabler as well as our commitment to transparency and accountability.
It
is hoped therefore that the relevance of this study will serve as a
ready-made tool for government to apply strategic ways and means
highlighted in the work in strengthening her institutional capacity in
order to achieve its goals and objectives.
The study will also
provide information on the emerging socio-economic problems from this
exercise as it affects stakeholders, for this will serve as a guide in
the formulation and implementation of policies.
Nonetheless, this
research will be of immense benefits to researchers, social scientists
and the Nigerian populace at large to gain an insight on its theoretical
and academic expositions that will boost and enlighten their intellect.
It will also serve as a reference point to promote further study.
Finally,
it is also expected that the findings and recommendations of this study
will enhance credibility and also add to the pool of knowledge that
could promote integrity and transparency in the exercise which should be
adopted and built upon.
1.5 SCOPE AND LIMITATION
The scope
of this study covers the privatization and commercialization exercise of
the Nigerian Public Enterprises as an instrument of economic reform.
The
programme is a multidimensional one in which the economic growth
strategy is combined with the interventions by government, investors and
stakeholders aimed at creating a synergy to effect efficiency and
productivity in the Nigerian economy.
Thus, this project will direct
its focus on B.P.E, the institutional machinery charged with the
responsibility of executing the Privatization programme.
1.6 OPERATIONAL DEFINITION OF TERMS
Bureau of Public Enterprises (B.P.E.)
B.P.E.
is the secretariat of the National Council on Privatization (N.C.P.)
and is charged with the overall responsibility of implementing the
policies and decisions of the council.
Privatization
Privatization means the divestment by the federal government of its ordinary share holding in the designated enterprises.
Commercialization
Commercialization
means to re-organize enterprises whether owned, wholly or partly by the
Federal government to profit making ventures.
Public Enterprise (P.E)
Means
any corporation, board, company or parastatal established by or under
any enactment in which the government of the Federation, a Ministry, or
Extra-Ministerial Department or Agency has ownership, or equity interest
and includes a partnership, joint venture or any other form of business
arrangement or organization.
Efficiency
This refers to the
quality of doing something well and effectively. It is also referred to
as an input-output relationship~ that is maximum work achieved for a
maximum layout of energy or resources.
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