Privatization And Commercialization Government Owned Companies, Problems And Implications And Depressed Economy
This research work seeks to look at eh major problems and prospect of an extebtual privations on of the Nigeria telecommunication ltd
Through a careful and systematic collection and analysis of data which were we done in chapter four the researcher was able to ascertain the important problems which the company is currently experiencing and determining the extent at which privatization will going providing solutions to these problems.
However, the fears and doublets expressed by both the workers and the final consumer of the service(s) provide by most of this privatization not withstanding, the fact remains that privatization to a great extent helps to solve some vital problems that has led to the untimely death of most of this companies one of this most devastating problems is the syndrome of not-my father –work” which has greatly and negatively affected both smooth running and performance of the parastatals or organization
Therefore, privatization simply put is aimed at injecting the private sector efficiency into most of this ailing organization/parastatals. This desired efficiency lings on the fact that best and competent hands recruited and employed which all the other hand gives rise to quality services and production. The essence of privatization is equally aimed at making this parastatals to be self sustaining from the profits made form it’s services or production as the government either partly or totally withdraws its subventions.
Hence our finding also reveled there is widespread panic resulting form the fear of rampant and unwarranted retrenchment which may follow form the planned privatization of this vital federal government establishment.
Never the less, there is still a pervading sense of commitment and dedication form the worker, the imminent privation notwithstanding.
This going to dedicate that the progarmme will be necessarily helpful to the corporate health of Nitel if and when it is fully implemented.
However, this should be done in such a way that it will not threaten the general welfare an security of he workers , thereby undermining the essence of privation in relation to the company.
1.1 Background Of The Study
in any developing economy the government is the main initiator apromoter of economic development especial in Nigeria in developing countries, government usually intervene in some area of the economies in which the private sector cannot preformed in other to facilitates the achievement of the national development objectives ,the federal government has instituted ,and made use of many public enterprise over the years ,it would be recalled however that in the fifties and sixties agriculture was the main study at the Nigerian economy. The early services was the era of oil boom and it earned for Nigerian huge crude oil revenues at a level that was never anticipated.
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