USER'S INSTRUCTIONS: The project work you are about to view is on "privatization as a viable tool for economic development in nigeria". Please, sit back and study the below research material carefully. This project topic "privatization as a viable tool for economic development in nigeria" have complete 5(five) Chapters. The complete Project Material/writeup include: Abstract + Introduction + etc + Literature Review + methodology + etc + Conclusion + Recommendation + References/Bibliography.Our aim of providing this "privatization as a viable tool for economic development in nigeria" project research material is to reduce the stress of moving from one school library to another all in the name of searching for "privatization as a viable tool for economic development in nigeria" research materials. We are not encouraging any form of plagiarism. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works.

---

TITLE PAGE

PRIVATIZATION AS A VIABLE TOOL FOR ECONOMIC DEVELOPMENT IN NIGERIA

BY

---
EE/H2013/01430
DEPARTMENT OF ----
SCHOOL OF ---
INSTITUTE OF ---

DECEMBER,2018

---

APPROVAL PAGE

This is to certify that the research work, "privatization as a viable tool for economic development in nigeria" by ---, Reg. No. EE/H2007/01430 submitted in partial fulfillment of the requirement award of a Higher National Diploma on --- has been approved.

By
---                                                     . ---
Supervisor                                                  Head of Department.
Signature……………….                           Signature……………….        

……………………………….
---
External Invigilator

---

DEDICATION
This project is dedicated to Almighty God for his protection, kindness, strength over my life throughout the period and also to my --- for his financial support and moral care towards me.Also to my mentor --- for her academic advice she often gives to me. May Almighty God shield them from the peril of this world and bless their entire endeavour Amen.

---

ACKNOWLEDGEMENT

The successful completion of this project work could not have been a reality without the encouragement of my --- and other people. My immensely appreciation goes to my humble and able supervisor mr. --- for his kindness in supervising this project.
My warmest gratitude goes to my parents for their moral, spiritual and financial support throughout my study in this institution.
My appreciation goes to some of my lecturers among whom are Mr. ---, and Dr. ---. I also recognize the support of some of the staff of --- among whom are: The General Manager, Deputy General manager, the internal Auditor Mr. --- and the ---. Finally, my appreciation goes to my elder sister ---, my lovely friends mercy ---, ---, --- and many others who were quite helpful.

---

PROJECT DESCRIPTION: This work "privatization as a viable tool for economic development in nigeria" research material is a complete and well researched project material strictly for academic purposes, which has been approved by different Lecturers from different higher institutions. We made Preliminary pages, Abstract and Chapter one of "privatization as a viable tool for economic development in nigeria" visible for everyone, then the complete material on "privatization as a viable tool for economic development in nigeria" is to be ordered for. Happy viewing!!!

---

The focus of this study was on the effect of privatization on the economic growth and development of Nigeria: 1979-2007 in retrospect. Its aim was to ascertain the relationship between public and private sector spending and Gross Domestic Product (GDP). Ex-post facto research design was adopted for this study. Data gathered were analyzed and tested using the ordinary least square multiple regression statistical model. The results of the test showed that the combination of private and public sector capital spending significantly impacted on the GDP. It was also discovered that there existed a strong and positive relationship between GDP and public sector capital spending. The study consequently recommended that foreign investors should be encouraged to participate in the investment opportunities created by the privatization programme and should be allowed one hundred percent equity share holding in companies established in Nigeria.

TABLE OF CONTENTS
CHAPTER ONE
1.0   Introduction
1.1   Background of the study
1.2   Statement of problem
1.3   Purpose of Study
1.4   Significance of study
1.5   Scope of Study
1.6   Limitation of Study
1.7   Statement of Study
1.8   Research Method
1.9   Plan of study
1.10 Definition of the terms used

CHAPTER TWO
2.0   Literature Review
2.1   Concept of Privatization
2.2   Benefit of Privatization
2.3   Privatization and Economic Development
2.4   Problem of Privatization

CHAPTER THREE
3.0   Structural Analysis
3.1   Privatization in Nigeria
3.2   Privatization State of Kwara State Infrastructure
3.3   The promise of infrastructure Privatization in Nigeria
3.4   Privatization: Relation to capital market, employment expectation and competition
3.5   Argument for and against privatization
3.6   The contribution of privatization to the economy till date
3.7   Historical Development of Telecommunication in Nigeria
3.8   Privatization: Bidding for NITEL
3.9   Economic Implication of the Privatization in Nigeria

CHAPTER FOUR
4.0   Data analysis and interpretation
4.1   Research Design
4.2   Method of Data Collection
4.3   Questionnaire
4.4   Nature of Data Analysis
4.5   Questionnaire Administration
4.6   Test of hypothesis

CHAPTER FIVE
5.0   Summary
5.1   Conclusion
5.2   Recommendation

CHAPTER ONE
1.0   INTRODUCTION
        The idea of privatization dates back to the position articulated by the classical economic who assumed that, here exists an unerring pendulum that always tends towards equilibrium, as the interaction of the market forces; demand and supply are believed to be capable of regulating the economy.
The more towards economic development has been the key aim of the Nigeria government since independent. However, the methodology of attaining this rapid structural growth and development has been a problem. To this extent, Nigeria since independence has been adopting different tactics towards development but, the implementation has been a problem. Besides, the use of state power, authority and resorts as to promote the economic well being of individuals and groups in society was introduced by the government.
All over the world, the public services as a matter of fact has not been know for the capacity to create wealth. Meanwhile public enterprises have usually been perceived as drain pipes for government budgets, this creating budgeting constraints and avoidable burden on the economy.
Attention which has been focus on the poor service  delivery and inefficiency, financial waste and poor management and other sundry problems have cause irreparable damage to workes and organizational goal of efficiency and effectiveness. It become a national policy sector from the areas where the private sector has the comparable advantage to perform, while letting the date concern itself with the provision of infrastructure, security and the ending environment for business to thrive through enhanced wealth creation.
In the case of Kwara State, the issue of mismanagement and under utilization which led to huge wastage of resources and manpower potentials pave the government of the day no other option but, to pursue quickly the privatization programme. Privatization is an economic policy, which entails the transfer of ownership or control of public enterprises into private hand via government divestment and sales of shares.
However, this involves the private participation in the , management and operation of public enterprises.
Privatization is the vehicle for restructuring public enterprises, deregulation and major economic reforms. It attracts foreign capital through core foreign investors, foreign equity participation and injection of new technology.
Privitization aims to achieved efficiently, increase productivity and economic growth, which will enhance for capital income and standard of living. The private sector in Nigeria has developed sufficient known;

• How to be able to take care of investment. Financial and capital market are also sufficiently developed to be able to play the role of expected of them.

The predominant argument about privatization is on efficiency and that, government should concentrate on doing things which private operators should concentrate on doing things which and monetary policies. Another side of the argument is the need to inject additional funds into the economy from non government source. There is need for government to face the problem of dwindling foreing exchange reserves and heavy external debt. The fea should be erased from their mind because, pribatization has the effect ochanging the mix of employment opportunities and also can bridge the gaps between the rich and poor. One of the public enterprises with government 100% equity holding stated fro full privatization is the Nigeria telecommunication limited (Nitel).

• BACKGROUND OF THE STUDY

Nigeria telecommunications sector has gone through metamorphosis since the colonial era. Telecommunication facilities in Nigeria were first established in 1880 by the colonial administration and these were geared towards discharging their administration function rather than provision of socio-economic development of the country.
As at independent in 1920, the total number of telephone line was only 18,724. for a population estimated at about 40 million people.
This translated to a teledensity of about 0.5 telephone lines per 100 people. The telephone network consisted of 121 exchanges of which 116 were of the manual (magneto) type and only 5were automated between 1960 and 1985. the telecommunication section consisted of the department of posts and telecommunications (P&T), where as, P&T provided internal network services, the National External Telecommunication (NET) provided the external services. The installed switching capacity at the end of 1985 was about 260,000 lives as against the planned target of about 460,000 lines, and all the exchanges were analogue.
Telephone penetration remained poor at one telephone line to 440 inhabitant against the target of 1 to 100 inhabitants recommended by the internal and telephone Union (ITU), for developing countries, congested and customer unfriendly, as a result of these, in January 1985, the east while P&T and Net were merged to form Nigeria telecommunications limited (NITEL), wile a postal division was carried out and reconstituted into the Nigeria Postal services (NIPOST). There has been a modest development in the telecommunication industry since the inception of NITEL in 1985 with a public network of about 800,000 lines capacity as at date. In 1992, the telecommunications industry was deregulated, thereby breaking the monopoly in NITEL. This scenario created new entrants into the market as private telecommunication operators (PTO), there companies such as Multi-Links, inter cellular celtel e.t.c began to provide service within interconnectivity agreement with NITEL. A new down has just set in with licensing of MTN, ECONET, GLOBACOM and NITEL as providers of Global system of mobile (GSM) communications in January 2001. MTN and ECONET launched their services in August 2001, while the GLOBACOM launched their own service in April 2003.
With the deregulation of telecommunications sector in Nigeria, the country has therefore with nassed increased activity in the sector. The sector has proven to be a catalyst for the growth and development of other sector of the economy. However, the deregulation is only a prelude eventual privatization of the state owned NITEL.

1.2       STATEMENT OF PROBLEM
    This research findings is aimed at diagnosing the probleminhered in the public enterprises. Which precipitated privatization. There is also the need to evaluate the current privatization exercise of Nigeria telecommunication limited (NITEL) as a result of the ineffectiveness of the sector to provide a better and satisfactory services for the subscribers. This will be done with the view of determine how effective the exercise is in the telecoomunictions industry in terms of being the catalyst of industrial and economic development of any nation.

1.3 Objectives OF STUDY

The main objectives of study includes the following:

• To strategically examine the effectiveness and efficiency of the Nigeria telecommunications limited (NITEL) in the face of privatization exercise in Nigeria
• To see how policies put in place by the government would enhance effectiveness of the privatization exercise
• To examine how efficient and effective the telecommunication industry (NITEL) is after the privatization exercise.
  
  1.4 SIGNIFICANCE OF STUDY

Privatization has assumed a global trandard it is necessary to be abreast with the current economic development across the world and in particular within the Nigeria economic.
As earlier mentioned, telecommunication is a catalyst of industrial and economic development of any nation. The sector has witnessed tremendous changes and competition in recent times. Therefore, there is need, the explore the potentials as well as us undertake a sheep look into how efficient and effective the privatization exercise in the Nigeria telecommunication section is in order to make meaningful contribution, suggestions and recommendations for the improvement and successful fully privatization policy in Nigeria and in the telecommunications industry in particular.

1.5 SCOPE OF STUDY

This research work will be exhaustive, fact finding entails objective analysis of the public enterprises performance with particular reference to telecommunication section (NITEL). The research will cover wider aspect in decision making relating to.

• The strategies being adopted by the privatization policy of NITEL Plc in their bid for greater development effective services delivery.
• The object of privatization policy as well as the development process.

1.6   LIMITATIONS OF STUDY
        The problem which will hinder the smooth process of this write-up may include the following:

• timely retires of questionnaire by the respondent
• the higher cost that will be involved in craying out the project
• the sensitive nature of the topic may make the respondent unwilling to provide the required data
• The interview problem, some those whom the researcher may not able to interview due to the fact that they were so busy or clearly avoiding the interview to feat of feat of possible reappraised from management.

1.7   RESEARCH PLAN OF STUDY
        This research work amongst other things aimed at studying and evaluating privatization, as a viable tool for development of the Nigeria economy with particular reference to NITEL.
This study will spring up five chapters:
Chapter one will comprise the general description of the study; introduction of the topic; background of the study, statement of problem, purpose of study, significance of the research, scope, limitation of the research, plan of study and definitions of the terms used.
Chapter two will be based on the literature review under the write up of various scholars and writers on privatization with the experience of Nigeria telecommunication (NITEL). And the benefits and problems of privatization.
Chapter three will take a look at the research method, historical background of the case study, statement of hypothesis population and sample size of study, method of data collection, analysis and testing hypothesis.
Chapter four, the research instrument od data analysis will be defined and the testing of hypothesis takes place with research findings chapter five will be the summary of the entire project work, conclusions and recommendations.

1.8   DEFINITIONS OF THE TERMS USED
i.      Privatization: means any corporation board company or parastatals established by or under any enactment in which the federal government or it agency in enterprises whether wholly or permanently owned by the private hand to manage.
ii.     Enterprises: means any of its departmental ministry or agencies has ownership or equity interest and shall include a partnership. Joint venture or any other form of business arrangement.

• Commercialization: Means the re-organization of enterprises wholly or partly owned by the federal government in which such commercialized enterprises shall operate as profit-making commercial venture and without subventions from the federal government
• Full privatization: Means the disinvestments by the federal government of all its ordinary shareholding in the designated enterprises
• Partial privatization: Means the disinvestments by federal government of its ordinary shareholder in the designated enterprises.
• Subvention: subsidy given to certain services oriented parastatals from government.
• Infrastructure: Amenities available for public and institutional for technical committee on privatization and commercialization
• TCPC: Is the acronym for technical committee on privatization and commercialization
• Installation: The provision of service to the user’s  end
• Subscribers: telephone users
• Teledensity: telephone penetration rate
• Analogue: telephone system electro-magnetic based
• Digital: telephone system computer based
• Interconnectivity: system of linking one exchange to another to facilitate connecting of subscribers
• Deregulation: removal of restrictions or regulations on business entry
• Competition: enabling environment for interplay of market forces of demand and supply.
• Innovation: diversification and improvement of varieties
• Exchange: the whole equipment which enables switching operations

Switching: Linkage the originating calls to the desired destinations

1.9                                                         PROJECT ORGANISATION
The work is organized as follows: chapter one discuses the introductory part of the work,   chapter two presents the literature review of the study,  chapter three describes the methods applied,  chapter four discusses the results of the work, chapter five summarizes the research outcomes and the recommendations.

---

CHAPTER TWO: The chapter one of this work has been displayed above. The complete chapter two of "privatization as a viable tool for economic development in nigeria" is also available. Order full work to download. Chapter two of "privatization as a viable tool for economic development in nigeria" consists of the literature review. In this chapter all the related work on "privatization as a viable tool for economic development in nigeria" was reviewed.

CHAPTER THREE: The complete chapter three of "privatization as a viable tool for economic development in nigeria" is available. Order full work to download. Chapter three of "privatization as a viable tool for economic development in nigeria" consists of the methodology. In this chapter all the method used in carrying out this work was discussed.

CHAPTER FOUR: The complete chapter four of "privatization as a viable tool for economic development in nigeria" is available. Order full work to download. Chapter four of "privatization as a viable tool for economic development in nigeria" consists of all the test conducted during the work and the result gotten after the whole work

CHAPTER FIVE: The complete chapter five of design and construction of a "privatization as a viable tool for economic development in nigeria" is available. Order full work to download. Chapter five of "privatization as a viable tool for economic development in nigeria" consist of conclusion, recommendation and references.

 

---

To "DOWNLOAD" the complete material on this particular topic above click "HERE"

Do you want our Bank Accounts? please click HERE

To view other related topics click HERE

To "SUMMIT" new topic(s), develop a new topic OR you did not see your topic on our site but want to confirm the availiability of your topic click HERE

Do you want us to research your new topic? if yes, click "HERE"

Do you have any question concerning our post/services? click HERE for answers to your questions

---

For more information contact us through any of the following means:

Mobile No :+2348146561114 or +2347015391124 [Mr. Innocent]

Email address :engr4project@gmail.com

Watsapp No :+2348146561114

---

COUNTRIES THAT FOUND OUR SERVICES USEFUL

Australia, Botswana, Canada, Europe, Ghana, Ireland, India, Kenya, Liberia, Malaysia, Namibia, New Zealand, Nigeria, Pakistan, Philippines, Singapore, Sierra Leone, South Africa, Uganda, United States, United Kindom, Zambia, Zimbabwe, etc
Support: +234 8146561114 or +2347015391124

Watsapp No :+2348146561114

Email Address :engr4project@gmail.com

---

FOLLOW / VISIT US VIA: