Analysis of the performance of public enterprises in nigeria. Whereas public corporations are established by particular decree, stateowned companies are established under the companies. 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. This paper examines the nigerian public enterprises and attempts expatiations on the status of its performance from the standpoint of modern organisation theory. How public enterprises is been funded in nigeria answers. In nigeria, if economic success had followed, the public enterprise sector would have been lauded. In postmarxian, postsoviet and postkeynesian decades, therefore, the state intervened to correct the market failures.
An assessment of the performance of public enterprise sector in. Performance of public enterprises in nigeria and the privatization option. A reflection on public enterprise sector in nigeria semantic scholar. Analysis of the success of public enterprises in nigeria scholarworks. Definitions of public enterprise generally speaking, public enterprise has two dimensions public dimension which usually refers to public. Public enterprises public administration the united nations. Privatization and commercialization of public enterprises. In britain, the nationalised industries took over enterprises. So, what are the problems of public enterprises in nigeria. 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. Secondly, the antecedents of the nigerian public corporations are quite different from the british. The growth of public enterprises in nigeria came against the background of sudden windfall from the oil sector. Meaning, definition and characteristics of public enterprises. Public enterprises as a form of business organisation has attained a great deal of significance in recent times.
Public enterprises privatisation and commercialisation act arrangement of sections part i privatisation and commercialisation of public enterprises section 1. 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. Adeyemo department of local government studies, obafemi awolowo university, ileife, nigeria asked in politics and government, nigeria, sba. 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. Public sector management covers such aspects of management as productivity management, and management of human, financial and other resources. 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. View enhanced pdf access article on wiley online library html view. Performance of public enterprises in nigeria and the privatization option article pdf available march 2014 with 3,598 reads how we measure reads. The government in conjunction with the private sector, mostly foreign, was directly involved in areas ranging from the production of food stuffs to assembling cars. Pdf over the years, public enterprises have been adjudged to be a critical prerequisite for the development of any nation.
A reflection on public enterprise sector in nigeria. 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. The study revealed that public enterprise sector in nigeria is characterized by poor performance, mainly as a result of political interference and corruption. Pdf performance of public enterprises in nigeria and the. This enterprise is financed from the money raised by the government through the taxation and other means.
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