Mba Dissertation Bcu
MBA DISSERTATION BCU
Privatisation of State-owned Enterprises (SOEs) in Nigeria and it’s impact on national economy.
Chapter One: Introduction, Aims and Objective
Introduction
Privatisation came into popularity in both developed and under developing countries following its successful results in the Federal Republic of Germany in 1957, when the Germany government sold majority of Volkswagen to private investors. Privatisation was also featured in Great Britain in the 1960s and 1970s by Mrs Margaret Thatcher (Conservative government) privatisation of Britain Telecom. Privatisation continues to spread to other continents such as Japan, Mexico privatisation of State-Owned communication companies. Hence, Privatisation has come to replace the big and rapid expansion in state ownership and public sectors. The British Telecom was the first major state flotation, paving the way for what became a torrent of mass-market sell-offs in the UK, and around the world.
Privatisation comes into play dues to poor performances of the State-Owned Enterprises and as major issue for policy discussion in the second half of the 1970s due to the convergence of a number of factors (Cook and Kirkpatrick 1988). For example, in the developed countries like in the United Kingdom and United States, the elections of governments are ideologically committed to greater use of the market in securing objectives. Thus, privatisation was seen as panacea.
The UK privatisation continues to serve as an inspiration and model to other countries as a path for economic growth and reducing the power of the State-Owned Enterprises trade union. Following the 1979 election (1979-Feburary and 1982) the trade union influence was not an issue, some SOEs assets was sold, most of them being small (Bishop and Kay 1989). But therefore, privatisation grew into a central component of the government political programme with the privatisation of British Telecommunications in 1984, with 51 percent of the shares sold at
Privatisation of State-owned Enterprises (SOEs) in Nigeria and it’s impact on national economy.
Chapter One: Introduction, Aims and Objective
Introduction
Privatisation came into popularity in both developed and under developing countries following its successful results in the Federal Republic of Germany in 1957, when the Germany government sold majority of Volkswagen to private investors. Privatisation was also featured in Great Britain in the 1960s and 1970s by Mrs Margaret Thatcher (Conservative government) privatisation of Britain Telecom. Privatisation continues to spread to other continents such as Japan, Mexico privatisation of State-Owned communication companies. Hence, Privatisation has come to replace the big and rapid expansion in state ownership and public sectors. The British Telecom was the first major state flotation, paving the way for what became a torrent of mass-market sell-offs in the UK, and around the world.
Privatisation comes into play dues to poor performances of the State-Owned Enterprises and as major issue for policy discussion in the second half of the 1970s due to the convergence of a number of factors (Cook and Kirkpatrick 1988). For example, in the developed countries like in the United Kingdom and United States, the elections of governments are ideologically committed to greater use of the market in securing objectives. Thus, privatisation was seen as panacea.
The UK privatisation continues to serve as an inspiration and model to other countries as a path for economic growth and reducing the power of the State-Owned Enterprises trade union. Following the 1979 election (1979-Feburary and 1982) the trade union influence was not an issue, some SOEs assets was sold, most of them being small (Bishop and Kay 1989). But therefore, privatisation grew into a central component of the government political programme with the privatisation of British Telecommunications in 1984, with 51 percent of the shares sold at