PUBLIC ENTERPRISES AND PRIVATISATION POLICY IN NIGERIA: THE PUBLIC PRIVATE SECTOR PARTICIPATION AS AN OPTION

PROF. PATRICK L. AKPAN

Volume: 09 Issue: 06 2023

Abstract:

This paper focuses on privatization of Public Enterprises in Nigeria with the Public Private Sector Participation (PPP) as an innovation. The performance of state owned enterprises have been adjudged poor thereby necessitating appropriate strategies capable of reversing the trend. Innovating PPP is singled out as veritable strategy of enhancing the performance of these enterprises. Examination of some enterprises sold and/or concessioned under the PPP platform reveals cheering news of success while some have failed in their current operational status. This paper therefore advocates accountability and transparency among others in the PPP framework towards achieving reasonable and satisfactory Public-Private Partnership devoid of excesses. Also advocated is the need to expand the scope of private investment by promoting greater openness in domestic and external trade as well as ensuring a conducive business environment in the country.

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