THE IMPACT OF COMMERCIALIZATION AND PRIVATIZATION OF GOVERNMENT OWNED AGENCIES ON THE NIGERIAN ECONOMY. PROBLEMS AND REMEDIES. (A CASE STUDY OF POWER HOLDING COMPANY UYO)


THE IMPACT OF COMMERCIALIZATION AND PRIVATIZATION OF GOVERNMENT OWNED AGENCIES ON THE NIGERIAN ECONOMY. PROBLEMS AND REMEDIES. (A CASE STUDY OF POWER HOLDING COMPANY UYO)

Type: Project Materials | Format: Ms Word | Attribute: Documentation Only | Pages: 66 Pages | Chapters: 1-5 chapters | Price: ₦ 3,000.00

1,660 marked this research material reliable.
Call or whatsapp: +2347063298784 or email: info@allprojectmaterials.com
THE IMPACT OF COMMERCIALIZATION AND PRIVATIZATION OF GOVERNMENT OWNED AGENCIES ON THE NIGERIAN ECONOMY. PROBLEMS AND REMEDIES. (A CASE STUDY OF POWER HOLDING COMPANY UYO)

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

Privatization, a method of allocating assets and function from the public sector to the private sector, appears to be a factor that could play a serious role in the quest for growth. In recent history, privatization has been adopted by many different political systems and spread to every region of the world.

The process of privatization can be an effective way to bring about fundamental structural change by formalizing and establishing property rights, which directly create strong individual incentives. A free market economy largely depends on well defined property rights in which people make individual decision in their own interest. Modern market economics generate growth because widespread, formal property rights permits massive, law-cost exchange, thus, fostering specialization incentives that induce productivity, privatization improve efficiency, provide fiscal relief, and encourage wide ownership and the availability or credit for private sector.

The issue of privatization has been a subject of intense global debate in recent years. In Africa, it has remained highly controversial and politically risky,. Privatization in Nigeria over some time has not been a popular reform. It ha received so mush criticism from labour, academic and individuals. There have been numerous strikes against proposed sell-offs by fearing loss of jobs, while proponents of privatization see that aspects of economic reform as an instrument of an efficient resource management for rapid economic development and poverty reduction. The critics argue that privatization reflects damage on the poor through loss of employment, reduction in income, and reduced access to basic social services or increase in prices.

Commercialization on the other hands has much influence on the economic growth and development of any country. It is in practice because it deals on the reorganization of public enterprises in much a way as to operate as profits making commercial ventures, with subvention from government, through the government still retains its full or parts ownership. It could also be whole or partial. Commercialized enterprises use private sector procedure in the day-to-day administration of business.

However, when a public enterprise is commercialized, it reduces the burden of the enterprise on government. The governments do not spend much resource on the enterprise because the enterprise can stand on its own as profits oriented ventures, which will in order way make returns to the government.

There are many economic benefits that are connected to the process of pursues privatization and commercialization. One of the main reasons why countries pursues privatization an commercialization is in order to reduce the size of the existing government, based on the idea that many governments have become too large and over-extended, consisting or unnecessary layers of bureaucracy. Therefore, many countries require restructuring in order to improve efficiency, which can be achieved through privatization and commercialization.

The private sector responds to incentives in the market, while the public sector often has non-economic goals. In other words, the public sector is not highly motivated to maximize production and allocated resources effectively, causing the government to run high-cost, low -income enterprises.

Privatization and commercialization directly shift the focus from political goals to economic goals, which lead to development of the market economy (Poole, 2001). By privatizing and commercialization, the role of the government in the government in the economy is reduced. Thus, there is less chances for the government to negatively impact the economy.

1.1.1 PORT-HARCOURT ELECTRICITY DISTRIBUTION, UYO.

The history of electricity development in Nigeria can be traced to the end of the 19th century when the first generating power plant was installed in the city of Lagos in 1898. From then until 1950, the pattern of electricity development was in the form of individual electricity power undertaking scattered all over the towns, some of the undertaking wee federal government bodies under the public works, department, some by the native authority and other by the municipal authority.

With time, power were circulated to all part of the country and the popular authority that controls it for a long time was known as (NEPA) National Electric Power Authority. It acted as the virtual sole provider of electricity in the country for a long times. However, towards the mid 1990s, licenses were given to private power generating companies. The federal electric power reform Act 2005 further deregulated the sector splitting NEPA and leading to the change of name from NEPA to the power holding cooperation of Nigeria.

The company dominance of the power system in Nigeria started in 1972 with the merger of the electricity cooperation of Nigeria and the Niger DAM Authority.  However, the social reality of irregular power supply made it to called ‘’Never Expect Power Always’’ by many Nigerians. De to this and other technical and managerial challenges faced by NEPA, the Nation decided to handle it over to a private body for efficient and effective running. Thus, ‘’ power holding company of Nigeria’’ came up as the power regulatory body in the country.

The body in-discharge of their duties was found inefficient by numerous Nigerians and this leads to exchange of name for power regulation. Thus, Port-Harcourt Electricity

THE IMPACT OF COMMERCIALIZATION AND PRIVATIZATION OF GOVERNMENT OWNED AGENCIES ON THE NIGERIAN ECONOMY. PROBLEMS AND REMEDIES. (A CASE STUDY OF POWER HOLDING COMPANY UYO)

Additional Information

  • The Project Material is available for download.
  • The Research material is delivered within 15-30 Minutes.
  • The Material is complete from Preliminary Pages to References.
  • Well Researched and Approved for supervision.
  • Click the download button below to get the complete project material.

Frequently Asked Questions

In-order to give you the best service available online, we have compiled frequently asked questions (FAQ) from our clients so as to answer them and make your visit much more interesting.

We are proudly Nigerians, and we are well aware of fraudulent activities that has been ongoing in the internet. To make it well known to our customers, we are geniune and duely registered with the Corporate Affairs Commission of the republic of Nigeria. Remember, Fraudulent sites can NEVER post bank accounts or contact address which contains personal information. Free chapter One is always given on the site to prove to you that we have the material. If you are unable to view the free chapter 1 send an email to info@allprojectmaterials.com with the subject head "FREE CHAPTER 1' plus the topic. You will get a free chapter 1 within an hour. You can also check out what our happy clients have to say.


Students are always advised to use our materials as guide. However, if you have a different case study, you may need to consult one of our professional writers to help you with that. Depending on similarity of the organization/industry you may modify if you wish.


We have professional writers in various disciplines. If you have a fresh topic, just click Hire a Writer or click here to fill the form and one of our writers will contact you shortly.


Yes it is a complete research project. We ensure that our client receives complete project materials which includes chapters 1-5, full references, questionnaires/secondary data, etc.


Depending on how fast your request is acknowledged by us, you will get the complete project material withing 15-30 minutes. However, on a very good day you can still get it within 5 minutes!

What Clients Say

Our Researchers are happy, see what they are saying. Share your own experience with the world.
Be polite and honest, as we seek to expand our business and reach more people. Thank you.

A Research proposal for the impact of commercialization and privatization of government owned agencies on the nigerian economy. problems and remedies. (a case study of power holding company uyo) :
A Review on the impact of commercialization and privatization of government owned agencies on the nigerian economy. problems and remedies. (a case study of power holding company uyo) , impact, commercialization, privatization project topics, researchcub.info, project topic, list of project topics, research project topics, journals, books, Academic writer.
The issue of privatization has been a subject of intense global debate in recent years. In Africa, it has remained highly controversial and politically risky,. Privatization in Nigeria over some time has not been a popular reform. It ha received so mush criticism from labour, academic and individuals. There have been numerous strikes against proposed sell-offs by fearing loss of jobs, while proponents of privatization see that aspects of economic reform as an instrument of an efficient resource management for rapid economic development and poverty reduction. The critics argue that privatization reflects damage on the poor through loss of employment, reduction in income, and reduced access to basic social services or increase in prices. Commercialization on the other hands has much influence on the economic growth and development of any country. It is in practice because it deals on the reorganization of public enterprises in much a way as to operate as profits making commercial ventures, with subvention from government, through the government still retains its full or parts ownership. It could also be whole or partial. Commercialized enterprises use private sector procedure in the day-to-day administration of business. However, when a public enterprise is commercialized, it reduces the burden of the enterprise on government. The governments do not spend much resource on the enterprise because the enterprise can stand on its own as profits oriented ventures, which will in or.. accounting project topics

THE IMPACT OF COMMERCIALIZATION AND PRIVATIZATION OF GOVERNMENT OWNED AGENCIES ON THE NIGERIAN ECONOMY. PROBLEMS AND REMEDIES. (A CASE STUDY OF POWER HOLDING COMPANY UYO)

Project Information

  • CATEGORY : ACCOUNTING
  • TYPE : PROJECT MATERIAL
  • FORMAT : MICROSOFT WORD
  • ATTRIBUTE : Documentation Only
  • PAGES : 66 Pages
  • CHAPTERS : 1 - 5
  • PRICE : ₦ 3,000.00

Share Links

Download Post
Download Post

Search for Project Topics

Project topics in Departments

Do you need a writer for your academic work?