ATTENTION:<\/strong><\/p>\n\n\n\n BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPIC BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!<\/strong><\/p>\n\n\n\n INFORMATION:<\/strong><\/p>\n\n\n\n YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COSTS N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420<\/strong><\/p>\n\n\n\n WHATSAPP US ON 08137701720<\/strong><\/p>\n\n\n\n THE IMPACT OF PRIVATIZATION IN NIGERIA. A CASE STUDY OF PHCN<\/strong><\/p>\n\n\n\n TABLE OF CONTENTS<\/strong><\/p>\n\n\n\n TITLE PAGE i<\/p>\n\n\n\n APPROVAL PAGE ii<\/p>\n\n\n\n DEDICATION iii<\/p>\n\n\n\n ACKNOWLEDGMENT iv<\/p>\n\n\n\n ABSTRACT vi<\/p>\n\n\n\n TABLE OF CONTENTS viii<\/p>\n\n\n\n CHAPTER ONE<\/strong><\/p>\n\n\n\n 1.0 Introduction 1<\/p>\n\n\n\n CHAPTER TWO<\/strong><\/p>\n\n\n\n 2.0 Introduction 16<\/p>\n\n\n\n 2.1 Effects of privatization and commercialization policy 17<\/p>\n\n\n\n 2.3 Privatization and commercialization<\/p>\n\n\n\n In Nigeria 24<\/p>\n\n\n\n 2.4 Objectives of privatization and commercialization programme. 30<\/p>\n\n\n\n PHCN 39<\/p>\n\n\n\n CHAPTER THREE<\/strong><\/p>\n\n\n\n 3.0 Research methodology 45<\/p>\n\n\n\n CHAPTER FOUR<\/strong><\/p>\n\n\n\n 4.0 Data presentation and analysis 51<\/p>\n\n\n\n 4.1 Presentation of findings 51<\/p>\n\n\n\n 4.2 Discussion\/Analysis of findings 54<\/p>\n\n\n\n CHAPTER FIVE<\/strong><\/p>\n\n\n\n 5.0 Summary of findings, Conclusion and Recommendations 57<\/p>\n\n\n\n 5.1 Summary 57<\/p>\n\n\n\n 5.2 Conclusion 58<\/p>\n\n\n\n 5.3 Recommendations 59<\/p>\n\n\n\n References 60<\/p>\n\n\n\n Appendix 62<\/p>\n\n\n\n Questionnaires 63 CHAPTER ONE<\/strong><\/p>\n\n\n\n 1.0 INTRODUCTION <\/strong><\/p>\n\n\n\n The privatization and commercialization of public enterprises in Nigeria was an initiation of the country\u2019s military leaders. The review of the economy in 1985 revealed that most government parastatals were running at great loses. This was attributed to the inefficiency and waste in resource use, as a result of lack of application of capital economic principles in the management of these parastatals.<\/p>\n\n\n\n In an attempt to stem this situation, the Babangida administration decided to privatize and\/or commercialize some of these obviously ailing public wealth with the hope of reducing government wasteful expenditure and improve income generation through the commercialization principle.<\/p>\n\n\n\n 1.1 BACKGROUND OF THE STUDY<\/strong><\/p>\n\n\n\n <\/strong>The import substitution policy of the post independence Nigeria led to the establishment of industries. Apart from this prime motivation for import substitution, there was the need to create jobs for the growing educated youths, the need of industrialization and the ideological argument that the government should control, regulate and supervise the commending heights of the then nascent economy.<\/p>\n\n\n\n Furthermore, there was the need to strive to catch up with the developed countries of the world and since the indigenous businessmen and managers were neither technically nor financially ready to assume the catalyst role which their counterparts in the developed countries were playing; government felt obliged to fill the investment gap. The obvious imperfections in the market oriented economics in terms of resources allocation to the more profitable but less preferred sectors of the economy was yet another reason for government intervention in the economy.<\/p>\n\n\n\n The sum total of these is that between 1960 and 1980 the various governments in Nigeria both at federal and state levels established numerous industries. The core characteristics of most of these industries were inefficiency in the utilization of resources and their consequent dependence on the public treasury for subvention. Therefore, these adverse operating condition could not make for rational economic decisions. Consequently, these enterprises and their management lost their mission and became pipes for wastages, agencies for political patronage and generally parasites on the national and state treasuries. There then arose the need for reprioritization of economic policies and the need to release the energy in economy suppressed by bureaucracy and undue control.<\/p>\n\n\n\n Government at various levels realized that goals of economic growth, full employment and high standard of living could not be actualized without the active participation and leadership of the private sector. There was therefore need for invitation to private individuals and organizations to assume the role of activation and management of the national economy. There was also the need for the infection of private sector enterprises for profitability and efficiency, hence the privatization and commercialization policy.<\/p>\n\n\n\n 1.2 STATEMENT OF THE PROBLEMS.<\/strong><\/p>\n\n\n\n Inefficient management and corruption have bedeviled the Power Holding Company of Nigeria (PHCN) since its inception. This is most evident in its power generation, transmission, and distribution as well as in its appointment of board members. This inefficiency has subsequently led to inadequate supply of electricity to consumers.<\/p>\n\n\n\n There is also lack of dedication to duty on the part of the staff and management of the corporation. This mostly accounts for the poor financial returns it derives from its services. The staffs are rough in using the company\u2019s equipment and tools in providing electricity to consumers at the expense of the authority. There were complaints of corruption in power distribution whereby the management seeks qualification first before approving of extension of electricity to consumers. This often robs the authority of huge revenue they would had if electricity is distributed without any form of restrictions.<\/p>\n\n\n\n PHCN ever since its inception in 2005 from the former NEPA has undergone and is still undergoing stringent statutory and administrative control which hinders the management from using their initiatives when necessary.<\/p>\n\n\n\n 1.3 PURPOSE OF STUDY<\/strong><\/p>\n\n\n\n The major purpose of this study is to determine the effects of privatization and commercialization policy on national economic development of PHCN, Ekwulobia business unit in Anambra State.<\/p>\n\n\n\n Specifically, the study was to:<\/p>\n\n\n\n 1.4 SIGNIFICANCE OF THE STUDY<\/strong><\/p>\n\n\n\n <\/strong>Very little is known about the privatization and commercialization programme. Consequently, many people are yet to appreciate the reasons and objectives of the programme. This research is significant in the following ways:<\/p>\n\n\n\n 1.5 RESEARCH QUESTIONS<\/strong><\/p>\n\n\n\n This study sought answers to the following research questions.<\/p>\n\n\n\n 1.6 SCOPE\/DELIMITATION OF STUDY<\/strong><\/p>\n\n\n\n <\/strong>This study was delimited to the effects of privatization and commercialization on national economic development. This study will cover specifically, the effects of privatization and commercialization policy using PHCN Ekwulobia as an area of focus. <\/p>\n\n\n\n 1.7 LIMITATIONS OF THE STUDY<\/strong><\/p>\n\n\n\n The followings constitute problems in the process of this research work:<\/p>\n\n\n\n 1.8 DEFINITION OF TERMS.<\/strong><\/p>\n\n\n\n HOW TO RECEIVE PROJECT MATERIAL(S)<\/strong><\/p>\n\n\n\n After paying the appropriate amount (#5,000) into our bank Account below, send the following information to<\/strong><\/p>\n\n\n\n 08068231953 or 08168759420<\/strong><\/p>\n\n\n\n (1) Your project topics<\/p>\n\n\n\n (2) Email Address<\/p>\n\n\n\n (3) Payment Name<\/p>\n\n\n\n (4) Teller Number<\/p>\n\n\n\n We will send your material(s) after we receive bank alert<\/p>\n\n\n\n BANK ACCOUNTS<\/strong><\/p>\n\n\n\n Account Name: AMUTAH DANIEL CHUKWUDI<\/p>\n\n\n\n Account Number: 0046579864<\/p>\n\n\n\n Bank: GTBank.<\/p>\n\n\n\n OR<\/p>\n\n\n\n Account Name: AMUTAH DANIEL CHUKWUDI<\/p>\n\n\n\n Account Number: 3139283609<\/p>\n\n\n\n Bank: FIRST BANK<\/p>\n\n\n\n FOR MORE INFORMATION, CALL:<\/strong><\/p>\n\n\n\n 08068231953 or 08168759420<\/strong><\/p>\n\n\n\n AFFILIATE LINKS:<\/a><\/p>\n\n\n\n myeasyproject.com.ng<\/a><\/p>\n\n\n\n easyprojectmaterials.com<\/a><\/p>\n\n\n\n easyprojectmaterials.net.ng<\/a><\/p>\n\n\n\n easyprojectsmaterials.net.ng<\/a><\/p>\n\n\n\n easyprojectsmaterial.net.ng<\/a><\/p>\n\n\n\n easyprojectmaterial.net.ng<\/a><\/p>\n\n\n\n projectmaterials.com.ng<\/a><\/p>\n\n\n\n
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