Download or read book From structural adjustment to privatisation in Nigeria written by Adewale Stephen and published by GRIN Verlag. This book was released on 2014-10-10 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2014 in the subject Business economics - Economic Policy, grade: A, Obafemi Awolowo University (Post Graduate), course: History, language: English, abstract: Since the arrival of the International Monetary Fund (IMF) at its shores via the great IMF debate of 1985, Nigerian leaders have learnt to demonise public enterprises, castigating them, facilitating their sales to cronies of government officials and using the channels of mass communication to impress upon the citizens that these enterprises are of no use. Today, the general wisdom is that the state should completely recede and that private ownership of the means of production is the only viable approach to efficient production of goods and services, economic growth and development. However, the same factors that led to the collapse of the public enterprises are also afflicting the privatisation exercise. In this paper, the practice of privatisation meant to promote private means of ownership and in turn increase the production capacity of every sector is critically examined. Focusing on the wave and sad experience of privatisation in a period of 2000-2012 which was riddled with corruption, nepotism, lack of good corporate governance and incompetent manpower in the country, the paper concludes that total privatisation of every sector will never solve the economic impasse of Nigeria.

Download or read book Privatization and Public Enterprises written by Mr.Richard Hemming and published by International Monetary Fund. This book was released on 1998-09-15 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role that privatization can play within a wider strategy designed to overcome the problems associated with public enterprises. For this purpose, privatization is defined as a transfer of ownership and control from the public to the private sector, with particular reference to asset sales. It is therefore equated with total or partial denationalization. Economic efficiency is not only the key to improving the performance of the public enterprise sector, but is also the source of other gains often attributed to privatization, in particular, its favorable budgetary impact. To public enterprises that are subject to national or international competition, privatization offers the possibility of increased productive efficiency as government financial backing is withdrawn and bankruptcy and takeover become possibilities. The admissibility and desirability of privatization, as well as what types of enterprise should be privatized, ought to be determined by similar considerations in both industrial and developing countries.

Download or read book Constraints on the Success of Structural Adjustment Programmes in Africa written by Charles Harvey and published by Springer. This book was released on 2016-07-27 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reports why orthodox structural adjustment measures do not have the expected results in Africa. Orthodox measures may be necessary but are frequently not sufficient because of structural factors, some peculiar to individual countries, some found more widely. Six chapters report on extensive fieldwork in Kenya, Tanzania, Zambia and Zimbabwe; three chapters compare countries in Africa (recovery from disaster, labour markets, new financial markets) and one makes comparisons with Asia and Latin America of employment policies.

Download or read book Privatization and Foreign Investments in Nigeria written by Lawrence Okechukwu Azubuike and published by Universal-Publishers. This book was released on 2009 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nigeria's political economy has straddled the ideological divide between socialism and capitalism. The country produces oil, and at some point in its existence, it embarked on robust state involvement in the economy. This was marked by the acquisition, or establishment, of numerous state enterprises. Over the years, the performance of these enterprises was found to be dismal, and as part of the overall reform of the economy, Nigeria has joined the global trend toward reduction in direct state ownership of enterprises. Indeed, it has embarked on massive divestment of state interests in once publicly owned firms. Besides the universal rationale of efficiency, one of the objectives of the privatization exercise in Nigeria is the attraction and retention of foreign investments. This work examines the direct and indirect linkage between the government's divestiture of its interests in firms, on the one hand, and foreign investments in the country, on the other hand. The book is divided into seven chapters. Chapter 1 reviews the political and economic history of Nigeria, to set the background and context that necessitated the introduction of the reform package of which privatization is just an aspect. Chapter 2 is a discussion of various natures of state involvement in an economy. This ranges from mere regulation to active participation. The chapter discusses the competing conceptual and ideological theories and tries to situate the Nigerian experience within the broader conceptual dichotomies of capitalism, socialism and the via media of mixed economy. Chapter 3 is an examination of the meaning and rationales for privatization of state owned enterprises generally and the Nigerian attempts in particular. Nigeria's privatization program is an ongoing exercise. Yet two distinct attempts are identifiable: one which started in 1988 and the reinvigoration of the exercise, albeit with new constitutive frameworks, in 1999. Thus, Chapters 4 and 5 review the legal and institutional frameworks for these two exercises. Chapter 6 deals with foreign investments in Nigeria. The discussion encapsulates the pros and cons of foreign investments, especially in Nigeria. Chapter 7 explores the direct and indirect linkages between the privatization program in Nigeria and foreign investments in the country. This is particularly apposite because one of the touted objectives of the privatization exercise is the attraction of foreign investments. A conclusion follows. The work finds that although foreign investments appear to have been indirectly boosted by the privatization exercise, foreign investors initially did not show interest in direct acquisition of the shares and other interests being relinquished by the government, but that that attitude has been changing gradually.

Download or read book Nigeria Under Structural Adjustment written by Efiong Essien and published by . This book was released on 1990 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reforming Infrastructure written by Ioannis Nicolaos Kessides and published by World Bank Publications. This book was released on 2004 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.

Download or read book The Changing Forms of Identity Politics in Nigeria Under Economic Adjustment written by Cyril I. Obi and published by Nordic Africa Institute. This book was released on 2001 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Niger delta region of Nigeria which is at the heart of the country's oil industry, has a long history of struggles for self-determination dating back to the early years of the 20[superscript th] century. In the 1980s and 1990s, these struggles, unfolding as they did within the context of military authoritarianism and structural adjustment, took the form of widespread agitation for greater control by local communities of the revenues accruing to the Nigerian state from exploration and extraction of oil." "This study attempts to capture the transformations in ethnic minority identity politics in the oil-producing areas of the Niger delta. In doing this, attention is simultaneously drawn to the factors informing the shift from peaceful agitation to violent protest as well as the dynamic of decay and renewal in the various ethnic minority movements that are active in the delta. It is suggested that part of the solution to the crisis in the delta will involve not only a thorough-going restructuring of the Nigerian state but also the re-orientation of the mode of operation of the giant oil multinationals in order to make them both more sensitive and accountable to the local communities."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

Download or read book Structural Adjustment Agrarian Change and Rural Ethnicity in Nigeria written by Samuel G. Egwu and published by Nordic Africa Institute. This book was released on 1998 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1. SAP and the problamatic of rural ethnicity

Download or read book Structural Adjustment Programme in the Nigerian Economy written by Eghosa Osagie and published by . This book was released on 1992 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Nigeria s Economic Reforms written by Ngozi Okonjo-Iweala and published by . This book was released on 2007-06-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Following years of economic stagnation, Nigeria embarked on a comprehensive reform program during the second term of the Obasanjo administration. The program was based on the National Economic Empowerment and Development Strategy (NEEDS) and focused on four main areas: improving the macroeconomic environment, pursuing structural reforms, strengthening public expenditure management, and implementing institutional and governance reforms. This paper reviews Nigeria's recent experience with economic reforms and outlines major policy measures that have been implemented. Although there have been notable achievements under the program, significant challenges exist, particularly in translating the benefits of reforms into welfare improvements for citizens, in improving the domestic business environment, and in extending reform policies to states and local governments." The authors argue that the reform program must be considered as 'initial steps on a long journey'; consequently, they have outlined a number of outstanding issues that need to be addressed by future Nigerian administrations.

Download or read book Development Centre Studies Privatisation in Sub Saharan Africa Where Do We Stand written by Berthélemy Jean-Claude and published by OECD Publishing. This book was released on 2004-02-12 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines recent progress made in the region’s privatisation effort in Sub-Saharan Africa. With cumulative proceeds of privatisation accounting for just $8 billion compared to $46 billion in transition economies over the same period, it is ...

Download or read book Privatization and Enterprise Performance in Nigeria written by Afeikhena Jerome and published by . This book was released on 2008 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Structural Adjustment in Nigeria written by R. Omotayo Olaniyan and published by . This book was released on 1990 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Nigeria Beyond Structural Adjustment written by Akin Fadahunsi and published by . This book was released on 1996 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Aid and Reform in Africa written by Shantayanan Devarajan and published by World Bank Publications. This book was released on 2001-01-01 with total page 724 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finally, when the country enters the second generation of reforms, such as public sector institutional reform, short-term, conditionality-based aid can once again be harmful - by reducing ownership, participation, and sustainability of the reform process."--BOOK JACKET.

Download or read book Public Sector Reform written by Jan-Erik Lane and published by SAGE. This book was released on 1997-12-12 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deregulation, privatization and marketization have become the bywords for the reforms and debates surrounding the public sector. This major book is unique in its comparative analysis of the reform experience in Western and Eastern Europe, Australia, New Zealand and Canada. Leading experts identify a number of key factors to systematically explain the similarities and differences, map common problems and together reflect on the future shape of the public sector, exploring significant themes in a lively and accessible way.

Download or read book Identity Transformation and Identity Politics Under Structural Adjustment in Nigeria written by Attahiru Jega and published by Nordic Africa Institute. This book was released on 2000 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: DOES IT MATTER?: Jimi 0. Adesina