THE EFFECTS OF PRIVATIZATION AND COMMERCIALIZATION POLICY ON NATIONAL ECONOMIC DEVELOPMENT (A CASE STUDY OF PHCN)


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TABLE OF CONTENTS
TITLE PAGE
ABSTRACT
TABLE OF CONTENTS

CHAPTER ONE
1.0   Introduction
1.1      Background of the study
1.2      Statement of the problems
1.3      Purpose of the study
1.4      Significance of study
1.5      Research questions
1.6      Scope/Delimitation of the study
1.7      Limitations of the study
1.8      Definition of term

CHAPTER TWO
2.0   Introduction
2.1   Effects of privatization and commercialization policy
2.2      Privatization and  commercialization in other countries
2.3   Privatization and commercialization
In Nigeria       
2.4   Objectives of privatization and commercialization programme
2.5      Effect of sap on electricity supply problems
2.6      Electricity generation and transmission capacities
2.7     Sales and revenue collection in a commercialized
PHCN
2.8      Summary in literature review

CHAPTER THREE
3.0   Research methodology
3.1      Design of the study
3.2      Area of the study
3.3      Population of the study
3.4      Sample size/sampling techniques
3.5      Instrument for data collection
3.6      Reliability and validation of the instrument
3.7      Distribution and retrieval of the instrument
3.8      Method of data analysis

CHAPTER FOUR
4.0   Data presentation and analysis
4.1   Presentation of findings
4.2   Discussion/Analysis of findings

CHAPTER FIVE
5.0   Summary of findings, Conclusion and Recommendations
5.1   Summary
5.2   Conclusion
5.3   Recommendations
References
Appendix
Questionnaires



ABSTRACT
The major purpose of this study is to ascertain the effects of privatization and commercialization policy on economic development using power holding company of Nigeria Ekwulobia as a case study. The reason behind using the power holding company of Nigeria is because it is one of the public enterprises that its product has the widest consumption. The population of the study consisted of 254 workers in PHCN Ekwulobia Anambra state. The sample size was determined using Yaro Yamene formula. The sample of 155 out of 254 was drawn using simple random sampling. Five research questions were formulated which guide the study. A structured questionnaire was developed and validated for use. Table and percentage were used to answer the research questions. The major findings of the study were: (1) there is general discontent by the public about PHCN’S services (2) there was serious fluctuating power supply from late 1992 to date (3) political instability has contributed to the problems of PHCN (4) phcn has not registered as a public limited company. Thereafter, it was concluded that: (1) the general public were dissatisfied with the poor services of the PHCN. (2) the serious fluctuations in the supply of power was caused by breakdown of the power holding company’s power stations. (3) political instability in our country has made it difficult for the successful privatization of PHCN. The following recommendations were made: (1) PHCN should establish a good public relation. (2) there should be rehabilitation and maintenance of the power stations. (3) efforts should be made by government and stakeholders for a successful privatization and commercialization of phcn.



                          CHAPTER ONE
1.0                   INTRODUCTION       
The privatization and commercialization of public enterprises in Nigeria was an initiation of the country’s military leaders. The review of the economy in 1985 revealed that most government parastatals were running at great loses. This was attributed to the inefficiency and waste in resource use, as a result of lack of application of capital economic principles in the management of these parastatals.
In an attempt to stem this situation, the Babangida administration decided to privatize and/or commercialize some of these obviously ailing public wealth with the hope of reducing government wasteful expenditure and improve income generation through the commercialization principle.

1.1  BACKGROUND OF THE STUDY
       The import substitution policy of the post independence Nigeria led to the establishment of industries. Apart from this prime motivation for import substitution, there was the need to create jobs for the growing educated youths, the need of industrialization and the ideological argument that the government should control, regulate and supervise the commending heights of the then nascent economy.
Furthermore, there was the need to strive to catch up with the developed countries of the world and since the indigenous.....

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