AN ASSESSMENT OF THE EFFORT OF PRIVATIZATION AND COMMERCIALIZATION ON THE NIGERIAN ECONOMY (A CASE STUDY OF KADUNA REFINERY AND PETROCHEMICAL COMPANY (KRPC)

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ABSTRACT

When the economic fortune of the organization of petroleum exporting countries (OPEC) nations suffered a tragic experience due to the sudden fall of the oil price in the eighties and nineties, the economy system of its members became a source of concerned as the survival of their organs was greatly threaten. Due to the sudden fall of the oil prices, several developing nations, therefore, evolved strategies that will pull them out of the economic being one of the country affected was not excluded and one of the strategy to be employed was to privatize and commercialize government public enterprises which many believed will lead the country out of her economic wound.

Nigeria National Petroleum Corporation (NNPC) is one of the public enterprises owned by the federal government of Nigeria to provide petroleum product to the populace. The wind of the economic recession that spreads across the country didnâ€™t spare NNPC. NNPC got it share couple with mismanagement of resources by those responsible to manage the day-to-day affairs of the organization. These led to their in ability to meet the aims and objectives of setting them up. The only way out seems to privatize and commercialized the sector to have enough funds to meet its service to the populace through selling of shares and foreign investment.

This programme will not only make funds available but also provide better management and managerial skill for effectiveness and efficiency.

The study will examine its positive and negative on the enterprises. The Nigeria economy, employees and Nigerian government.

TABLE OF CONTENT

Cover page

Title page

Declaration

Approval page

Dedication

Acknowledgment

Abstract

CHAPTER ONE

1.1Introduction

1.2Historical background of study

1.3Statement of problems

1.4Significance of Study

1.5Objective of study

1.6Hypothesis

1.7Scope of the study

1.8Limitation and delimitation of study

1.9Definition of terms

CHAPTER TWO

Literature review

2.0Introduction

2.1Privatization in Nigeria

2.2Commercialization in Nigeria

2.3Policies of privatization and commercialization

2.4Objectives of the policies

2.5Public enterprises in Nigeria

2.6Reasons for privatization and commercialization

2.7Conclusion

CHAPTER THREE

Research Methodology

3.1Introduction

3.2Population of study

3.3Sampling

3.4Method of data Collection

3.4.1Interview

3.4.2Questionnaire

3.4.3Secondary sources

3.5Method used in Analyzing Data Collected

CHAPTER FOUR

Presentation and Data Analysis

4.0Introduction

4.1Analysis and Presentation of Data

4.2Summary of the finding

4.3Test of hypothesis

CHAPTER FIVE

Summary, Conclusion and Recommendations

5.1Summary

5.2Conclusion

5.3Recommendations

Bibliography

Appendix I

Appendix II

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AN ASSESSMENT OF THE EFFORT OF PRIVATIZATION AND COMMERCIALIZATION ON THE NIGERIAN ECONOMY (A CASE STUDY OF KADUNA REFINERY AND PETROCHEMICAL COMPANY (KRPC)

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