THE EFFECT OF PRIVATIZATION AND COMMERCIALIZATION OF GOVERNMENT OWNED INDUSTRIES

The monoculture economic nature of Nigerian economy a short falls in foreign exchange generation, when the global oil glut reduce the unit cost of barrel of oil to as low as nine dollars ($9.0). Hitherto, the fantastic earnings from sale of oil has effectively be cushioned, the poor ratios of dividedness from investments holdings public enterprises in Nigeria. Therefore, this research represents an attempt to search for the effects, which the privatization and commercialization of government owned enterprise had on the life of these enterprises. The thesis as well seeks to know whether a continuation and execution of the programme or out right refection based on its findings.