ABSTRACT
This project titled “ The challenges of Effective Privatization of Public Enterprises in Nigeria using Nigeria Telecommunication in Limited NITEL Limited, Enugu is aimed at determining how privatization could lead to societies of Nigeria’s effective public enterprises in Nigeria. The fact that transferring non-performing public enterprises to the private sector would eliminate corruption mismanagement, improve efficiency and technology under serves the significant of the study, as fund, that would have been committed to maintenance of otherwise inefficient enterprise have been free into more productive sector of the economy. In the course of the study, hypothesis was tested using chi-square (X2). A sample size of 150 respondents was used. Distribution of questionnaire to these sample sizes was by a simple random sampling, it was discovered that gave support for privatization enterprises like NITEL to improve efficiency as a way of solving our economic problem. It was recommend among other things that government should device a means that would enable the poor one to buy share in the enterprises being privatized. In view of what has been achieved by the study. It was concluded that it will implemented, privatization would lead to oureconomic recovery.
CHAPTER ONE
1.0 INTRODUCTION
1.1 Background To The Study
Public enterprises were established, to enhance Nigeria’s socio economic development, especially after independence in 1960. The major concern in this regard had been to accelerate development and economic self-reliance through “economic nationalism”. Public enterprises thus reflect one of those instruments by which government intervenes in economic development rather than allow market forces to dictate the pace of development. According to Ayodele (2004), Nigeria relied heavily upon public enterprises, up to themed-1980s, for the development, management and allocation of utilities and social services.
They were seen as major instruments not only for the mobilization and allocation of public investment resources, employment generation and income redistribution, but also for determining government finances and the acceleration of overall economic development.
Adeyemo (2005), reflecting Turkey, Mexico, India and Nigeria, noted that the establishment of public enterprises was premised on what he considered as obstacles to economic development in the past-independence states. It is also instructive to note that in Nigeria like many developing countries, public enterprises are used as employers of last resort. According to Hemmina and Mansor (1988), states owned enterprises enable government to pursue goals of social equity that the market ordinarily ignores. Similarly, Ugorji (1995) observed that public enterprises had been established for political reasons. Many government undertakings were used to provide jobs for constituents, political allies and friends. The location of public enterp
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