THE ROLE OF CAPITAL MARKET ON PRIVATIZATION PROCESS IN NIGERIA. A RESEARCH  PROJECT MATERIAL ON ECONOMICS

THE ROLE OF CAPITAL MARKET ON PRIVATIZATION PROCESS IN NIGERIA. A RESEARCH  PROJECT MATERIAL ON ECONOMICS

ABSTRACT

The study examines the roles of capital market in Privatization process on Nigeria. The research instrument used included questionnaire, participant observation and interview. In view of this, some research hypothesis were postulated for the collation of the data obtained. The study centers on the role of privatization process using the Nigeria experience. The study concludes with some basic recommendation to enhance the capital market and basic concepts were given to effect the human capital development.

CHAPTER ONE

1.0         INTRODUCTION

1.1       BACKGROUND OF THE BODY

Privatization Appeared on standard dictionaries only in the early 1980s [it appeared in Webster new collegiate Dictionary is one of the radical methods through for thinning the government owned enterprises [which failed to maximize greater goods, he did so at high cost and ran government into severe fiscal problems in the 1980s making loans difficult to raise both home and abroad].

Around the other method was to strengthen the methods by which government controlled their enterprises.

To achieve these goals, a viable capital market must be put in place.

  In Nigeria context, the privatization process has been greatly criticized by the media and even by the civil society, it is the focus of this paper to enlighten the masses on how the current privatization process will help to redistribute income, create more employment for the people, channel funds from the surplus to the deposit group and increase the revenue of the government in the country.

The privatization process is one of the recommendation of the structural adjustment [SAP] for many years up to 1980, the Nigerian government made fairly extensive use of the public enterprise [PES] for resource mobilization and allocation, particularly within the social service and utilities sector with the windfall from the crude oil sales during the boom of the 1970s, the economic activities of PES in Nigeria expended significantly beyond the authoday domain of social services and utilities into agriculture, banking and finance, manufacturing, mining, commerce etc.

THE ROLE OF CAPITAL MARKET ON PRIVATIZATION PROCESS IN NIGERIA. A RESEARCH  PROJECT MATERIAL ON ECONOMICS