The anatomy of privatization programme in Nigeria, matters arising

Abstract

The paper traced the origin and reasons for privatization programme in Nigeria to the alleged sorry state and the depressing picture of inefficiency and low productivity services. The paper went on to state that 28 years have passed since the programme was inaugurated, Nigerians are yet to fully realize the benefits of privatization programme. The management corruption and inefficiency are still the order of the day. The paper was of the opinion that it is the same corrupt leaders who mismanaged those public enterprises that are clamouring for the sale of them, they are the same people who purchased them at very low prices. The paper concludes by saying that the programme only afforded some corrupt leaders and their foreign collaborators in advanced countries of the world the Opportunities to acquire those properties at the detriment of the average Nigerian, meanwhile the purpose and objectives of the programme are still hanging on the air. In recommendation, the paper draws attention of the Government to the number of people who have lost their jobs as a result of privatization. Finally, the programme can be good or bad depending on the type of people who operate it. There are certain establishments that should not be privatized, since most of them are the base of the Nations respect and integrity.

Keywords: Privatization, economic depression, corruption, inefficiency and underdevelopment