ABSTRACT
So much effort has been made towards understanding the relationship between privatization and commercialization and the economic growth of Nigeria. Privatization and commercialization of pubic enterprises in every economy is introduced for the attainment of specific objectives which includes economic growth and stability. Data was collected and analyzed using ordinary least square method (OLS). The result of the study shows that there is a positive but insignificant impact of private investment on the economy, this due to lack of investment in the private sector. On the strength of this evidence, this work recommends that the government should allow the private sector to establish major companies like electricity generating companies, water supply companies etc. This study finally concludes by saying that the impact of privatization and commercialization of public enterprises on economic growth can only take effective progress when the enterprises are wholly or partially in some cases handled and controlled by the private owner whom will not relent in the optimization of profitable enterprises.
TABLE OF CONTENTS
Title Page - - - - - - - - i
Approval Page - - - - - - - - ii
Dedication - - - - - - - - iii
Acknowledgements - - - - - - - iv
Abstract - - - - - - - - v
CHAPTER ONE
1.1 Background of the Study - - - - - 1
1.2 Statement of Problem - - - - - 4
1.3 Objective of the Study - - - - - 5
1.4 Statement of Hypothesis - - - - - 5
1.5 Significance of the Study - - - - - 6
1.6 Scope and Limitations of the Study - - - 7
1.7 Definition of Terms - - - - - - 7
1.1 Background of the Study - - - - - 1
1.2 Statement of Problem - - - - - 4
1.3 Objective of the Study - - - - - 5
1.4 Statement of Hypothesis - - - - - 5
1.5 Significance of the Study - - - - - 6
1.6 Scope and Limitations of the Study - - - 7
1.7 Definition of Terms - - - - - - 7
CHAPTER TWO
2.1 Theoretical Framework - - - - - 9
2.2 Background of Privatization in Nigeria - - - 9
2.3 Definition of Privatization - - - - - 20
2.4 Origin and Development of Public enterprises in Nigeria 28
2.5 Reasons of the privatization and Commercialization policy 28
2.6 The impact of Privatization on the Nigerian Economic- 32
2.7 How Counties Privatize (Methods of Selling State
Owned Assets) - - - - - - 34
2.8 Methods of Privatization - - - - - 35
2.9 Empirical Studies Comparing Pre versus Post
Privatization Performance for share issues Privatizations (SIPs) 38
2.1 Theoretical Framework - - - - - 9
2.2 Background of Privatization in Nigeria - - - 9
2.3 Definition of Privatization - - - - - 20
2.4 Origin and Development of Public enterprises in Nigeria 28
2.5 Reasons of the privatization and Commercialization policy 28
2.6 The impact of Privatization on the Nigerian Economic- 32
2.7 How Counties Privatize (Methods of Selling State
Owned Assets) - - - - - - 34
2.8 Methods of Privatization - - - - - 35
2.9 Empirical Studies Comparing Pre versus Post
Privatization Performance for share issues Privatizations (SIPs) 38
CHAPTER THREE
3.1 Research Methodology - - - - - 47
3.2 Model Specification - - - - - 48
3.3 Method of Evaluation - - - - - 48
3.4 Justification of the Model - - - - - 49
3.5 Research Approach - - - - - 50
3.1 Research Methodology - - - - - 47
3.2 Model Specification - - - - - 48
3.3 Method of Evaluation - - - - - 48
3.4 Justification of the Model - - - - - 49
3.5 Research Approach - - - - - 50
CHAPTER FOUR
4.1 Presentation interpretation of Result - - - 51
4.2 Economic Apriori Criteria - - - - - 52
4.3 Statistical Criteria (First Order fest) - - - 53
4.3.1 Coefficient of Multiple Determinants (R2) - - 53
4.3.2 The Student’s T - test - - - - - 54
4.3.3 F – Statistics - - - - - - - 55
4.4 Econometrics Criteria - - - - - - 56
4.4.1 Test for Auto Correlation - - - - - 56
4.4.2 Normality Test for Residual - - - - - 58
4.4.3 Test for Heteroscedasticity - - - - - 59
4.4.4 Test for Multicollinearity - - - - - 60
4.1 Presentation interpretation of Result - - - 51
4.2 Economic Apriori Criteria - - - - - 52
4.3 Statistical Criteria (First Order fest) - - - 53
4.3.1 Coefficient of Multiple Determinants (R2) - - 53
4.3.2 The Student’s T - test - - - - - 54
4.3.3 F – Statistics - - - - - - - 55
4.4 Econometrics Criteria - - - - - - 56
4.4.1 Test for Auto Correlation - - - - - 56
4.4.2 Normality Test for Residual - - - - - 58
4.4.3 Test for Heteroscedasticity - - - - - 59
4.4.4 Test for Multicollinearity - - - - - 60
CHAPTER FIVE
5.1 Summary of Findings - - - - - 62
5.2 Conclusion - - - - - - - 63
5.3 Recommendations - - - - - - 64
BIBLIOGRAPHY
5.1 Summary of Findings - - - - - 62
5.2 Conclusion - - - - - - - 63
5.3 Recommendations - - - - - - 64
BIBLIOGRAPHY