APPRAISAL OF THE PHILOSOPHICAL, POLITICAL AND IDEOLOGICAL CONCEPT OF PRIVATIZATION: A REFLECTION ON THE NIGERIA EXPERIENCE

Michael C. Ogwezzy, Shittu A. Bello

Abstract


The concept of privatization is not a new phenomenon but the practice continues to
elicit novel ideas that attract comments from academics and other practitioners around the
globe. It is an idea that have transcended over the decades to ensure that public enterprises are
better managed by private individuals and organizations in order to achieve efficiency in their
productivity. Our primary goal in this article to examine the philosophical, political and
ideological basis of the concept of privatization and how this idea has found its relevance in
Nigerian Political landscape via a reflecting on the Nigerian experience. This paper will start
by examining the universal ideas behind concept of privatization, the meaning and origin of
privatization, its influence on Nigeria and references will be drawn from other countries
around the world that have made some giant strides in the field of privatisation of their State
owned enterprises. There will be an overview of the methods of privatization, the nature and
pattern of privatization in Nigeria and why the government opted for privatization of public
utilities. This paper will end with the authors’ conclusion on how Nigeria can benefit from
privatisation policy.

Keywords


privatization, Nigeria, politics, private sector

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Editor-in-Chief

 

Associate Editor-in-Chief

  1. PhD. Professor Cornelia Lefter, Academy of Economic Studies, Bucharest, Romania
  2. PhD. Professor Adriana Manolescu, Agora University of Oradea, Romania
 

Scientific Editor

 

Executive editors

  1. PhD. Professor Salvo Ando, University “Kore” Enna, Italy
  2. PhD. Associate Professor Alina Angela Manolescu, Agora University of Oradea, Romania

Associate editors

  1. PhD. Professor Alfio D'Urso, University „MAGNA GRECIA” University of Catanzaro, Italy
  2. Agnieszka Wedeł-Domaradzka, University of Economy in Bydgoszcz, Poland
  3. PhD. Alexandru Cordos, Christian University ”Dimitrie Cantemir”, Romania
  4. PhD.in Law, Assistant Professor José Noronha Rodrigues, Açores University, Portugal
  5. PhD. Professor Luigi Melica, University of Lecce, Italy
  6. PhD. Professor Jozsef SZABADFALVI, University of Debrecen, Hungaria
  7. PhD. Professor Farkas Akos, University of Miskolc,  Hungary
  8. PhD. Szabó Szabó BÉLA, University of Debrecen, Hungary
  9. PhD. Professor Brânduşa Stefanescu, University of Economics, Bucharest, Romania
  10. PhD. Professor Ovidiu Predescu, ″Law Journal″ (assistant chief editor), "Criminal Law Journal″ (assistant chief), Bucharest, Romania
  11. PhD. Professor Ioan-Nuţu Mircea, associated professor ”Babeş-Bolyai“ University of Cluj-Napoca, Romania
  12. PhD. Professor Alexandru Boroi, Police Academy ”Alexandru Ioan Cuza“, Bucharest, Romania
  13. PhD. Professor Luminita Gabriela Popescu, National School of Political Studies and Public Administration, Bucharest, Romania

 

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