The Impact of Privatization and Commercialization Policies on the Nigerian Economy (A Case Study of IBEDC, NICON and NITEL in Ibadan)

Type Project Topics
Faculty Administration
Course Business Administration and Management
Price ₦3,500
Key Features:
- No of Pages: 72

- No of Chapters: 5



This research work was carried out to examine “The Impact Of Privation And Commercialization Policies On The Nigerian Economy “, Using some selected firms in Ibadan Metropolis as a case study e.g (NICON, IBEDC, and NITEL). This attempt was prompted to bring out economic value of privatization and commercialization policies in Nigeria, despite the wide range of criticism it has suffered over the years. The fact that transferring non-performing public enterprises to the private sector would eliminate inefficiency, mismanagement, improve efficiency and technology, under serves the significant of the study; as funds that would have been committed to maintenance of otherwise inefficient enterprises have been free into more productive sector of the economy. In the course of the study, hypothesis was tested using the likert scale rating point. A sample size of 50 respondents was used. Distribution of questionnaires to these sample sizes was by a simple random sampling.

It was discovered that privatization and commercialization of public enterprises will improve efficiency as a way of solving our economic problems. It was recommended among other things that government should device a means that would enable the poor ones to buy shares in the enterprises being privatized.

In view of what has been achieved by the study, it was concluded that if privatization and commercialization policies is accompanied by industrial restructuring it will lead to our economy recovery.

Table of Content


Title page i

Approval ii

Declaration iii

Certification iv

Dedication v

Acknowledgement vi

Abstract vii

Table of contents viii

List of tables ix

List of figures x


1.1 Introduction 1

1.2 Background 2

1.3 Statement of the problem 4

1.4 Objectives of the study 5

1.5 Research questions 5

1.6 Statement of the hypothesis 6

1.7 Significance of the study 6

1.8 Justification of the study 7

1.9 Scope of the study 7

1.10 Definition of terms 8


2.0 Introduction 9

2.1 Conceptual framework 9

2.2 Theoretical framework 14

2.3 Literature on the subject matter 16

2.2.1 Evolution of privatization and commercialization 20

2.2.2 Philosophical basis of privatization 20

2.3.1 Privatization and commercialization in Nigeria 20

2.3.2 Objectives of privatization and commercialization 21

2.3.3 To improve the efficiency and profitability of public enterprises 21

2.3.4 To reduce the dependency of public enterprises on the treasury 21

2.3.5 To increase the participation of Nigeria citizens 22

2.3.6 To avoid senseless duplication 22

2.3.7 To encourage cheaper borrowing 22

2.3.8 An overview of privatization in Nigeria 23

2.3.9 Opposing view of privatization and commercialization 23

2.3.10 Impact of privatization 25

2.3.11 Impact of privatization on the Nigeria economy growth in Nigeria 26

2.3.12 Impact of privatization on capital market development 27

2.3.13 Impact of privatization on output 27

2.3.14 Impact of privatization on foreign reserve 27

2.3.15 A way forward 28


3.0 Area of study 29

3.1 Research design and source of data 30

3.1.1 Primary data 30

3.1.2 Secondary data 30

3.2 Study population and determination of sample size 31

3.2.1 Sampling and sampling technique 31

3.3 Research instrumentation 31

3.3.1 Validity and reliability of the instrument 32

3.4 Procedure for data collection and data analysis 33

3.5 Limitations of the study 34


4.0 Introduction 35

4.1 Findings of the study 35

4.2 Discussion of finding 39

4.3 Testing of hypothesis 51


5.0 Summary of finding 55

5.1 Conclusions 55

5.2 Recommendations 57

5.3 Proposal for further study 57

References 59

Appendix 62




The economic structure of Nigeria since the mid 1970s was based mainly on the oil sector, which provided over 90 percent of total government revenue. Before the emergence and inception of crude oil into the Nigeria economy, emphasis was on the private sector, for instance, the policy package of the first National development plan was to stimulate the development of a vibrant private sector with marginal public participation in the productive activities Epko (2007). But in an effort to speed up development and to compensate for the lack of an active private sector, the government came to play a very active role in economic development.
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