The Role of Commercial Bank in the Privatization of Public Enterprises in Nigeria

THE ROLE OF COMMERCIAL BANK IN THE PRIVATIZATION OF PUBLIC ENTERPRISES IN NIGERIA.

Various meanings of privatization have been stressed in the guide of explaining the basic concepts underlying privatization. Ibie (1986:16) recognizes  privatization as the “denationaliztion of national business” and also a process by which the size of an inefficient and effective public by which sector is reduced by transferring some of its functions to a relatively more efficient private sector “Ibie (1986:17).  [Read more…]

Privatization and Commercialization in the Nigerian Economy

Privatization and Commercialization in the Nigerian Economy

PRIVATIZATION AND COMMERCIALIZATION

This two words are synonymous. But just as no two synonyms mean perfectly the same thing, there is a difference between the two of them; a difference that could make all the difference. Privatization have already been defined and reasoned that it became necessary in order to eliminate wastage of scarce resources through effective financing and management to be realized, there must be expertise, and a sense of commitment. Privatization and commercialisation, though having the same objective, have different approaches. [Read more…]

Privatization in the Nigerian Economy

Privatization in the Nigerian Economy

Privatization involves the transfer of ownership from the public sector to the private sector. Therefore, it entails the allocation of shares which is meant to be done to have a fair geographical and income groups in the country. Also, there is the need for compromise between the government and the citizens due to certain misconceptions and fears about the privatization programme. [Read more…]