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Article Information:
Privatization of Public Enterprises and Nigeria Sustainable Development (A Review Article)
M.O. Alabi, U.U. Onimisi and Enete Christian
Corresponding Author: Michael Oloyede Alabi
Submitted: 2010 February, 03
Accepted: 2010 April, 16
Published: 2010 June, 15 |
Abstract:
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One of the numerous challenges facing this country is how to bail out Nigeria’s public enterprises
from inefficiencies and obsolesce, which were set up to accomplish certain objectives. The enterprises in
Nigeria have found themselves in a state of perfidy, low performance and undoubted inefficiency. Given this
situation, the present administration, is bent on revitalizing these enterprises so as to achieve a developed and
sustainable economy. One of the bold steps taken is to privatize and commercialize them so that their lost image
can be redeemed. In the light of the above, there is an attempt in this paper to discuss the socio-economic
justification for and the role of public enterprises in the Nigerian context, their performance before the new
policy, privatization in action, its implication and finally suggests alternatives, strategies to this policy.
Key words: Privatization, revitalization, sustainability, , , ,
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Cite this Reference:
M.O. Alabi, U.U. Onimisi and Enete Christian, . Privatization of Public Enterprises and Nigeria Sustainable Development (A Review Article). Current Research Journal of Social Sciences, (3): Page No: 204-208.
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ISSN (Online): 2041-3246
ISSN (Print): 2041-3238 |
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