The study revealed that public enterprise sector in nigeria is characterized by poor performance, mainly as a result of political interference and corruption. Performance of public enterprises in nigeria and the privatization option. The growth of public enterprises in nigeria came against the background of sudden windfall from the oil sector. The origin of the involvement of the nigerian government in the setting up of public enterprises can be placed within the context of nigerias colonial and. A reflection on public enterprise sector in nigeria semantic scholar.
Public enterprise is quite different from a public company in the sense that public company is owned and managed by private individuals who buy shares whenever there is an awareness of it for the general public to subscribe to. A critical evaluation of their performance kenobi krukru term paper business economics economic policy publish your bachelors or masters thesis, dissertation, term paper or essay. Privatization and commercialization of public enterprises. This paper examines the nigerian public enterprises and attempts expatiations on the status of its performance from the standpoint of modern organisation theory. Whereas public corporations are established by particular decree, stateowned companies are established under the companies. In britain, the nationalised industries took over enterprises. Public enterprises as a form of business organisation has attained a great deal of significance in recent times. Pdf over the years, public enterprises have been adjudged to be a critical prerequisite for the development of any nation. Nigeria was no exception in terms of the belief that the state and public enterprises have a role to play in the countrys development efforts. A reflection on public enterprise sector in nigeria. Analysis of the performance of public enterprises in nigeria. Pdf performance of public enterprises in nigeria and the. Definitions of public enterprise generally speaking, public enterprise has two dimensions public dimension which usually refers to public.
Analysis of the success of public enterprises in nigeria scholarworks. Public enterprises public administration the united nations. Hanson, whose book on public enterprise and economic development is to be published early next year, is reader in public administration at the university of leeds. Performance of public enterprises in nigeria and the privatization option article pdf available march 2014 with 3,598 reads how we measure reads. In postmarxian, postsoviet and postkeynesian decades, therefore, the state intervened to correct the market failures. This enterprise is financed from the money raised by the government through the taxation and other means. Adeyemo department of local government studies, obafemi awolowo university, ileife, nigeria asked in politics and government, nigeria, sba. Public sector finance in nigeria has largely been responsible for the provision of economic, social and political infrastructure in the growth of the nigerian nation.
Public enterprises privatisation and commercialisation act arrangement of sections part i privatisation and commercialisation of public enterprises section 1. How public enterprises is been funded in nigeria answers. View enhanced pdf access article on wiley online library html view. Meaning, definition and characteristics of public enterprises. Public sector management covers such aspects of management as productivity management, and management of human, financial and other resources. In nigeria, if economic success had followed, the public enterprise sector would have been lauded.
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