Preliminary reflections on the privatization policy in Nigeria

Edwin Etieyibo

African Journal of Economic and Management Studies, 2013, vol. 4, issue 1, 144-152

Abstract: Purpose - Like many developing countries, Nigeria embarked on the privatization of many of its state owned enterprises (SOEs) in the late 1980s. Although a number of stakeholders, for different reasons, are opposed to the divesture of many of the country's SOEs, the Bureau of Public Enterprises (BPE), the agency charged with the responsibility of implementing the Nigerian policy on privatization and commercialization, has continued with the exercise. The first phase of the privatization programme began in 1988 under the Technical Committee on Privatization and Commercialization (TCPC) and ended in 1993, and the second phase began in 1998 under the BPE and is proceeding with full steam. As of last count about 400 SOEs have been divested both by the TCPC and BPE. This paper aims to reflect on the privatization policy in Nigeria. Design/methodology/approach - The paper seeks to reflect on the privatization policy in Nigeria and examines some of the strengths/successes and weaknesses/failures of the exercise. Findings - There are enormous benefits that Nigeria can reap from privatization if the exercise is done properly. This is possible if it addresses the major problems that confront it with regards to various aspects of the implementation of the sale of SOEs. Originality/value - The paper reflects on privatization in Nigeria, proffers some way forward and points to some lessons for other African or developing countries that have embraced or are planning on embracing the policy.

Keywords: Privatization; Nigeria; State owned enterprises; Bureau of Public Enterprises; Transparency and due diligence (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:ajemsp:v:4:y:2013:i:1:p:144-152

DOI: 10.1108/20400701311303203

Access Statistics for this article

African Journal of Economic and Management Studies is currently edited by Prof John Kuada

More articles in African Journal of Economic and Management Studies from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().