“AN EVALUATION OF FINANCIAL PROBLEMS AND PROSPECTS OF PRIVATIZATION IN THE NIGERIA ECONOMY” (A CASE STUDY OF NIGERIA BREWERIES PLC)

ABSTRACT

This work is designed to find out the financial problems and prospects of privatization in Nigeria, a case study of Nigeria Breweries Plc.

The work therefore covers the background, significance and objectives of the study in chapter one. Which chapter two views issues dating to literature and tried to highlights it’s concepts and inceptions of privatization in Nigeria. Chapter three shows the research design and methodology and pointed out the area of the study, the population, determination of sample size and locations where the data was found.

  A random sampling was used for selecting research sample and questionnaires administration. Primary and secondary sources of data were used. The primary sources is form the questionnaire administration which the secondary sources are from text-books, educational journals and magazine. The data is presented in tables and percentages, and figures were also used in the analysis.

In testing hypothesis, the chi-square test was conducted at an appropriate significant level and degree of freedom. Also, standard deviation was as well used.

From the data analyzed in chapter four, the following findings were made: Lack of findings for share/purchase is a problem for successful privatization in Nigeria, therefore, no other financial problems can also noted as a good option for improvement and development in Nigeria.

Lastly, the research work contains findings recommendations and conditions for further research.

INTRODUCTION:

1.1       BACKGROUND OF THE STUDY

The privatization programme of the fist phase was said to benefit many Nigerians who were given the opportunity to purchase shares offered for sale by way of public offer. Subscription of shares during the phase one was largely successful with many public offers. However, there were a large number of Nigerian citizens who due to difficult economic realities in their present time were unable to put aside a few thousand naira required to purchase a small share holding in the enterprises which were offered for sale in the course of the privatization programme.

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“AN EVALUATION OF FINANCIAL PROBLEMS AND PROSPECTS OF PRIVATIZATION IN THE NIGERIA ECONOMY” (A CASE STUDY OF NIGERIA BREWERIES PLC). A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE