The Privatization Policy In Nigeria An Evaluation Of Its Implication

The Privatization Policy In Nigeria An Evaluation Of Its Implication

Chapter One

Preface

Background to the Study

Statement of the Problem

objects of the Study

exploration Questions

Significance of the Study

compass of the Study

description of Terms

CHAPTER TWO

LITERATURE REVIEW

Meaning of Privatization

Arguments in Favour of Privatization

expostulations of Privatization

Remedial conduct to Privatization

Challenges to NNPC

Policy of OPEC in promoting Sustainable

Energy Future

Human Capital Development Policy of NNPC

Policy of Products Evaluation and Vessel

Turnaround

Policy on Strategic Journey of NNPC

CHAPTER THREE

exploration METHODOLOGY

Source of Data

Population of the Study

Sample Size Determination

slice fashion

Research Instrument

Questionnaire allocation and Administration

confirmation of Research Instrument

Limitations of the study

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

Data donation and Analysis

Test of thesis

CHAPTER FIVE

SUMMARY OF FINDINGS, RECOMMENDATIONS AND CONCLUSION

Summary of Findings

Recommendations

Conclusion

Bibliography

excursus

Chapter One

Preface

Background To The Study

The Nigerian National Petroleum pot and the petroleum ministry appear hopeless to maintain their hold on the downstream sector of the oil painting assiduity by planning new refineries and advancing further plutocrat to maintain the being refineries similar as Enugu, Kaduna, Warri and Port- court

The moves have really raised dubieties about the civil government’s privatization policy and its avowed commitment to the liberalization of the oil painting assiduity.

According to Austin Oniwon( 2006), the NNPC group managing director the pot is forging ahead with its plans for the construction of Greenfield refineries and petrochemical shops.

According to Okorie.M.( 2006231) privatization can be defined as the selling and transferring of at least part of the state power of a pot to private possessors. It can be defined as the process where by the government handover its operation or means of services to private interest.

According to Odike.J.( 2002 263) privatization is a direct obverse of nationalization. It involves the deals of formerly public enterprises to private individualities and groups. Privatization can also be partial( government still retiring some shares in the businesses) or aggregate( power is entirely transferred to the private persons who have paid an agreed quantum to the government).

In Nigeria, the DecreeNo. 25 was legislated in July 1988 to set up the privatization and commercialization programmes. As at this time 2006, it has not been possible to carry out a comprehensive privatization of government enterprises.

On 18th, 2002, the Federal Government has suspended its planned privatization of Nigeria National Petroleum Corporation( NNPC) refineries and its accessories until all issues raised by workers in the assiduity are resolved. A commission headed by employment, labour and productivity, minister Alhaji Musa Gwadabe has been set up to critically examine and resolve all workers concern as well as that of other stakeholders.

The privatization and commercialization Act of 1988, which latterly set up the specialized commission on privatization and commercialization( TCPC) Chaired byDr. Hamza Zayyad with a accreditation to privatize III public enterprises and manipulate 34 others. In 1993, having privatized 88 out of the III enterprises listed in the decree. The TCPC concluded its assignment and submitted a final report which NNPC is inclusive.

Drivers in the oil painting and gas assiduity has advised that the proposed privatization of the Nigeria National Petroleum Corporation( NNPC) may not succeed unless the civil government put in place necessary measures to insure that the calculated plan model doesn’t go the way of Nigerian Telecommunications Company( Nitel). Assiduity Drivers agreed that the privatization of the public oil painting company is the stylish thing, that could be in the sector. They, still, advised the government to avoid the miscalculations made with Nitels privatization.

Statement Of The Problem

The issue of privatization has been a subject of violent global debate in recent times. In Africa, it has remained largely controversial and political parlous. Privatization in Nigeria( NNPC) has not been a popular reform. It has entered so important review from labour, academic and individualities. There have been multitudinous strikes against proposed sell- offs by unions stewing loss of jobs. While proponents of privatization see that aspect of profitable reform as an instrument of effective resource operation for rapid-fire profitable development and poverty reduction, the critics argue that privatization inflicts damage on the poor through loss of employment, reduction in income, and reduction access to introductory social services or increases in prices. Indeed, despite the fact that privatization has taking place on our oil painting sector, the frugality still softer the below citation problems up to date.

Objects Of The Study

The objects of the study include the following

1. To determine the donation of privatization towards the growth and development of NNPC and Nigeria as a whole.

2. To determine identify major problems associated with privatization of public enterprises using NNPC as a focus study.

4. To itemize result to problems of privatization of public enterprise with particular reference to NNPC.

6. To make recommendations on privatization policy in Nigeria.

14. Exploration Questions

1. What is the impact of privatization towards public growth and development?

2. What problems are associated with privatization of public enterprise( NNPC).

3. What’s the natureof privatization policy on NNPC?

4. What are the counteraccusations of the below policy towards their organizational thing attainment?

5. What’s the results associated with the privatization of NNPC.

Significance Of The Study

It’s intended that the result of this study will help in the following ways

1. It’ll profit the operation to know their operation capacity in the society as well as understanding their major strength and weakness.

2. The civil government will profit on the ground whether to privatized all the public means or on a negative.

3. It’ll place the operation to know the position of client satisfaction with their view towards privatized product.

4. The anthology will also profit from the work which may serve as reference material.

5. The civil and directorial commission to NNPC will profit on some essential policy not covered in the course of their policy inauguration.

Compass Of The Study

The compass of the study under the privatization policy in Nigeria starting from 2000- 2010 will grounded on Nigeria National Petroleum Corporation( NNPC) as one of Public enterprise in the country will was completely possessed by government but due to some set back the civil government see the need to privatized incompletely o private enterprise whom they suppose assume they can manage it better.

Description Of Terms

NNPC Nigerian National Petroleum Corporation

Privatization Privatization can be defined as the selling and transferring of at least part of the state power of a commercial to private possessors. Also, it can be defined s the process where by the government handover its operation or asset of service to private interest.

Policy This can be define as a plan of action agreed or chosen by a political party, a business etc over what to be done and means of achieving similar plans.