ABSTRACT
Privatization as an economic policy is of no doubt a good economic tool for
development but in Nigeria, the policy has generated many controversies. Some
Nigerians argued in its favour while others are antagonistic about its introduction in
the country. This research work, therefore, sets out to examine the impact of
privatization of public enterprises on poverty reduction Nigeria, using the
telecommunication industry as a study.
Private sector-driven economy comes on the heels of the failure of government and
its institutions to live up to their responsibilities. Evidence of government failure
abounds but thickens with its direct engagement in the creation and supply of goods
and services. Public companies are known to perform badly when compared with
their private sector counterparts. With sharp reductions in government’s revenue,
adequate subventions to these institutions could not be sustained. Some are closed
down while a good number operate beneath installed capacity. Salaries of workers
are not paid and many of them are disengaged. Privatization is seen as a solution to
the problem of public enterprises. In other words, the size of the public sector needs
to be reduced, allowing greater share to private sector. Even at that, some fears are
entertained as to the workability of privatization in developing countries.
This study is divided into five chapters, chapter one looked at the background study
of privatization and statement of problem. Also some hypothesis were formulated to
serve as guides on the subject matter. Chapter two discussed the conceptual
