Key Features:
- No of Pages: 64
- No of Chapters: 03
Introduction:
Abstract
The interest of this study is to destroy valuable contributions to companies management and general industrial development in Nigeria through privatization and commercialization Nigeria has been lacking behind in terms of development owning to numerous reasons some of which are embedded in the management of her local producers system. In this study therefore, the interesting is to carryout some research into these problem that impede company management process in Nigeria and suggest ways and means of moving them through modern management process and in addition X-ray the far reaching benefit that could be drawn from privatilization and commerclizatin on company management.
Faced with the dilemma of external indebtedness and internal economic stabilization measure.
The major component of this medication is the gradual dismantling of state control. How the management of companies affected by privatization going to fare, because the crux of this study. Some selected government enterprises operating within the continues or bead quarter in the state were studied to give the research an empirical touch. In conclusion few question which may be agitating the minds of people were answers. Among these question are:-
Why did government intervened in economics activates an did why is it urgent now that state control has be dismounted for private initiations to come in?
A note of wanting was sounded about seeing privatization as a solution to all management and economics ills and that the right remedy should be given to the appropriate private ailment at the right time.
Table of Content
CHAPTER ONE
1.0 Introduction
1.1 General background to the subject matter
1.2 Problem assouated with the subject matter
1.3 Problem that search will contend with
1.4 Important of the studying area.
1.5 Definition of important terms
1.6 Reference
CHAPTER TWO
2.0 Literature Review
2.1 The origin of the subject matter
2.2 School of thought with the study area.
2.3 The school of thought relevance to the problem of the search .
2.4 Different method of the studying the problem
2.5 Summary
2.6 Reference
CHAPTER THREE
3.0 conclusion
3.1 Data presentation
3.2 Analysis of the data
3.3 Recommendation
3.4 Conclusion
3.5 Reference
Introduction
It has been exonerated that the economic situation of Nigeria from the recent past to p
resent is anything but good. Datas back to the colonial ear, Nigerians economy has been saddled with planlessness and bad administration. Other countries like Taiwan, south Korea and even south African that started from the same platform as Nigerian in quest of economic emancipation have today made considerable achievement.
As for Nigeria, she was held down to low economic attainment by a vicious circle of force, tribalism, nepotism, political profiteering, poor education orientation and poor work altitude. This circle however, was often broken by seeing economic progress as in the area of grandaunt pyramids of the sixties and the oil boom era of the seventies which bid not stand the test of time.
Nigeria have been conscious of dividing economic fortunes and proclamation of such measures as how profit image operation feed the Nation,(OFN), Austerity measures war against indiscipline program (SAP) of the Ibrabim Babamosi Babangida administration (1965-93) . SAP has one of its children as privatization and commercialization.
All the above measures were geared towards economic stabilization. The extent of success of each depends upon the straight of will and purpose of their proporients.
Going down memory came, Nigeria was one known for her groundnut pyramids . In the 1970-84, groundnut production had gone down considerable from what it used to be in the sixties when Nigeria was the world trading exporter of groundnuts, by 1984, Nigeria has become a net importer of groundnut oil, cocoa, beans and cotton to mentioned but a few and so was importing more than it was exporting. With the outbreak of Middle East war in 1973, oil prices rose to an unprecedented level and Nigeria becomes the most industrialized in the developing countries.
Unfortunately she made no contingencies and could not utilize her sudden found wealth. Nigeria abused her ability to import and this depleted her enternal reserve to the barest minimum Nigeria was no longer in a position to pay for her imports through exchange earning, she began to accept short credits which ironically graduated to long term embarrassing debts.
To finance the countries long term projects she sought for and contracted to assist in the wan syndication and for which a significant amount from the loan was paid out as management fees, legal fees, placement fees and so on.
By 1981, most of the school term loan Nigeria borrowed to financial projects with long term returns began to mature by 1983, there was a backlog of matured debts and Nigeria was harrssed from pillar to post by creditors. She was advised to borrow from IMF. Given their considitionalities, but Nigeria refused because of us far reading Implication on the economy.
The government rather Rose to impose economic measures with the aim of restricting the economic, making the productive sector more completive and reallocating resource for more efficient uses. However, because of the lack of political will, the measure were not pursued vigorously until the military came win 1984 with a view of ensuring a turn around from economic independence and depression. This economic down turn was accompanying by austerity. In this case, the problem was not solved as there was a persistent decoration of the balance of payment , external debt problem, capital flight and further devaluation of the Niara. To correct some of these anomalities and Immune, the economy future shocks. The military government reacted promptly and mapped out the economic recovery package –SAP to improve resources, allocation increase economic potential.
Privatization and selective commercialization therefore forms one of the measures for implementation and realization of the objective of SAP.
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