DESIGN AND IMPLEMENTATION OF A COMPUTERIZED PROCEDURE FOR PRIVATIZATION OF A CORPORATE ENTERPRISE (A CASE STUDY OF NITEL LTD ENUGU). A RESEARCH PROJECT MATERIAL ON COMPUTER SCIENCE
The focus on Privatization of Corporate enterprises is relatively recent in Nigeria. The prominence in economic programs of most developing countries since the 1980’s is due to the need to reduce Public sector deficits and financial losses arising from gross inefficiencies of the public Enterprises. Privatization attracts substantial amount of foreign investment inflows and new technological growth bringing about economic growth and reformation.
The effective implementation of privatization program of a Corporate Enterprise such as Nitel LTD requires a computer-based system.
This research work is aimed at designing and implementing an automated system that would eliminate some of the problem and draw backs associated with the manual procedures for the privatization of a corporate enterprise.
1.0 BACKGROUND OF THE STUDY
Privatization involves redefining the role of the government by having at disengage from those activities which are best handled by the private sector, with the overall objective of achieving economic efficiency, conceptually, the commercialization and privatization degree (FRN, 1988) perceive privatization as :-
“the transfer of government owned shareholding in designated enterprises to the private shareholders, comprising individuals and corporate bodies”.
The success of the program depends on a well-designed privatization strategy, which includes:
2. Stating clearly the political, economic and social objective to be achieved;
3. Establishing clear guidelines or criteria for evaluations
4. Selecting techniques;
5. Ensuring transparency and accountability in the privatization process and which competitive bidding to the fullest extent possible;
6. Building marketing up frost in each privatization operation in order to stimulate potential interest among investors and their to enhance the value of the public enterprise to be privatized.
7. Promoting employee participation in the privatization process through the allocation of a proportion of corporate shares;
8. Establishing procedure for monitoring the progress all results of privatization etc;
The above strategies cannot be achieved manually; many privatization programs have suffered from poor design, in adequate preparation, and weak implementation. This is clearly evidenced by the long average time its complete transaction. It is based on these drawbacks that the need for computerization arise.