PRIVATIZATION OF PUBLIC ENTERPRISES AND ITS IMPLICATION ON ECONOMIC POLICY AMID SELECTED PRIVATIZED COMPANIES IN NIGERIA

Corruption and political interference have been seen as the major issue for the poor performance of public enterprises in Nigeria. However, the use of privatization to improve the profitability, efficiency and service delivery of public enterprises to enhance economic transformation amid the selected privatized companies in Nigeria. The study employed the use of a survey research design. The study’s population was 650 staff among the selected privatized companies in Nigeria. The researcher used a stratified sampling technique in selecting the sample. The Taro Yamane sample size formula was used to derive a sample size of 247. A primary source of data was utilized in generating the data needed for the successful collection of the study with the use of an administered open-ended questionnaire. Multiple linear regression was used to analyze the data. The was found that transparency and governance has a positive (0.302) and significant effect (p < .000) on economic policy Nigeria. Findings indicated that ownership transfer has a positive (0.514) and significant effect (p < .000) on economic policy of Nigeria. The study concluded that Privatization of public enterprises has positive and significant effect on economic policy amid selected privatized companies in Nigeria. The study recommended that efforts should be made to enhance institutional capacity and promote a culture of transparency and accountability within government agencies responsible for privatization. It was also recommended that the ownership structure of businesses that have been privatized ought to be set up to offer a good incentive system that benefits shareholders

1 29 Mar, 2024

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JBMIC PORTAL SYSTEM

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