THE IMPACT OF PRIVATIZATION AND COMMERCIALIZATION ON NIGERIAN ECONOMY (1985-2010). A RESEARCH PROJECT MATERIAL ON ECONOMICS
ABSTRACT
The ultimate goal of any credible and legitimate government is to ensure sustained improvement in the standard of living of the citizenry. The government usually evolves development plans that will facilitate effective mobilization, optimal allocation and efficient management of national resources. Therefore, in trying to look into the effect of privatization and commercialization to growth of the economy and proffer a way forwards a positive state of privatization and commercialization of public enterprises in Nigeria. This five chapter’s research was emanated. In this research, the necessary statistical and econometric criterion that was employed in the evaluation of the model defined. The researcher applied statistical and econometric technique to evaluate the working hypothesis.And the result shows that privatization and commercialization has a positive change to economic practice and welfare of the economy.
CHAPTER ONE
INTRODUCTIONS
1:1 BACKGROUND OF THE STUDY
The ultimate goal of any credible and legitimate government is to ensure sustained improvement in the standard of living of the citizenry. Toward this end, the government usually evolves development plans that will facilitate effective mobilization, optimal allocation and efficient management of national resources.
In such efforts, priority is usually given to the provision of development facilitators, such as transportation and communications as well as social overhead, such as education and health.
Drawing on the successful experience of most developed economies, all developing countries have also adopted a similar development process.
In addition for several reasons, such as the small size of the private sector, or for the so- called “security reasons”, the development process had been largely dominated by the public sector.
Available evidence suggests that this public sector dominated process has not achieved the desired impact over time, prominent among which is the lack of an inclusive framework on the consequent alienation of the people from the public policy process. This, coupled with recent development in the globalizing world, have precipitated the clamor for comprehensive national economic reforms that will facilitate more efficient macro economic management and thereby steer the economy back on to the path of sustainable growth and development.
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