THE EFFECT OF PRIVATIZATION AND COMMERCIALIZATION OF GOVERNMENT OWNED COMPANIES IN A DEPRESSED ECONOMY LIKE NIGERIA (A CASE STUDY AS CON OIL PLC. ENUGU)
ABSTRACT
This research work was carried out in a bid to examine the effect of privatization and commercialization of Government owned companies with case study as Con oil Plc. Enugu, and with particular focus on the problems on a depressed economy like that of Nigeria.
In an attempt to reach the nook and cranny of the said topic, this research work was done in five chapters (Subdivided into the chapters).
With chapter one, dealing with the introduction, statement of the problem, significance of the study, hypothesis formulation, scope and limitations of the study, while chapter two deals with the review of related literatures and amongst. Other things treated on the historical objectives of privatization and commercialization with particular attention to Nigeria own case. It also trampled some arguments put forward by certain concerned citizens.
And chapter three touched the angles of the methodologies used in carrying out the research work. Data was collected through primary method, questionnaires and personnel interviews. Through secondary data which comprises the management, subordinate staffs of selected company which constitute the sample size etc.
Whereas, chapter four deals with presentation of data and analyses, with use of tables, percentages and the use of chi-square test approach and decision taken on the basis of the data collected, analyzed and tested.
Chapter five was basically talking about the whole research work in a nut shell, by way of summary, conclusion and recommendations.
It suffers me to say that since privatization and commercialization programme was embarked upon there are pervading sense of committal and dedication amongst the workers of the company. This goes to indicated that the programme is necessarily helpful to corporate health of the company and the country at large towards revamping the bastardized economy.
CHAPTER ONE
1.1Â Â Â Â Â Â INTRODUCTION
            In Nigeria, the Decree No 25 was enacted in July 1988 to set up the privatization and commercialization programmes, as at this year 2001. The origin of privatization started with Milton Friedman of the monetary economist theory. He was of the opinion that if public enterprise were given over to private individuals it would improve the economy of the country.
This he argued would give room for proper accountability and generate revenue for the upliftment of the economy and country at large.
