Abubakar Isiaka Alfa

Edicha Blessing Ojochide| Abdul Yahaya

Abstract

The study examined the impact of privatization on the Nigeria´s economy, focusing on NITEL as a case study. The data was qualitatively analyzed and presented in a descriptive form leading to logical deductions and recommendations. The Study was able to examined the impacts of privatization of NITEL on Nigeria’s economy: There is no doubt that the deregulation of the telecommunication sector brought significant difference in the firm’s revenue and profit before and after economic reform operational of the telecommunication industry .However, NITEL has since gone to a State of lifelessness .Landline Services have ceased to operate .The Study adopt Secondary Source of data collection, which embodies use of Library materials ,like textbooks and Journals Published articles on the Web or internet and also Newspapers and Magazines were used. In understanding the impact of Privatization of Nigeria’s Public Enterprises, focusing on NITEL as a case Study, this Study adopts the Neo-liberal theory. Neo-liberalism connotes the desire to intensify and expand the market by increasing efficiency and effectiveness. The utter most goal of Neo-liberalism is to create an economy where every action of every being is a market transaction, conducted in competition with every other being and influencing every other transaction, with transactions occurring in within a reasonable time frame, and repeated at an infinitely fast rate. Also, neo-liberalism seeks to transfer part of the control of the economy from Public to the Private Sector under with the strong view that it will produce a more efficient government and improve the economic indicators of the Nation {Okafor,2012}. The Study was able to identify the challenges in the Privatization of the NITEL for Nigerian economy, this is traceable to combination of factors which ranged from corruption, mismanagement, greed to poor governance at all Level. The Study further recommends that: Nigeria needs well reformed institutions and morally and ethnically committed public officials and management, who put the Public first in executing their civic responsibility to the Nigerian Public. Institutional Mechanism that will solve Institutional problems, such as corruption, mismanagement, greed and poor governance at all levels of NITEL should be set-up and empowered to do so.

   

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Published: 2024

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