Description
Abstract
This project is on The impact of privatization on the Nigerian economy, an assessment of Power Holding Company of Nigeria (PHCN) in Benue state from 1999 – 2015. Privatization occupies the center stage in the global economy is regarded as an avenue for raising productivity and enhancing overall economic growth. This is achieved through increased involvement of the private sector in productive economic activities through the sale of public enterprises to the private sector, with a view of improving economic efficiency with privatization, the role of government in direct productive activities diminishes as the private sector takes over such responsibilities. Under such a setting, the government is expected to provide essential infrastructure and an enabling environment for private enterprises to thrive. Privatization is predicated on the assumption of state inefficiency and the “absolute” efficiency of the market.
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