EFFECT OF PRIVATIZATION ON ECONOMIC GROWTH OF NIGERIA
Tafida, M. PhD , Adah Solomon Peter , Jibril Gambo and Yusuf Salami
Volume 3 Issue 1
Abstract
The increase in declining investment in the Nigerian income generating and productive sectors such as agricultural sector, electricity and so on that are seen as very crucial and requisite channel for industrial development is worrisome, whether for automated, machines services and other manufacturing processes. Failure in sectors such as energy and power supply remains a fundamental problem in Nigeria’s economic development. The focus of this study is to examine the ‘Effect of privatization on the economic growth of Nigeria”. It also aimed at determining the effect of performance, specialization and accountability in such sectors on economic growth of Nigeria. Sampling technique, sample size method of data collection which comprises both primary and secondary data were highlighted, the instrument used for data collection was also justified. The study found out that there exists a positive significant relationship between performance, specialization and accountability in relation to the economic growth of the country. Therefore, the study recommends that privatization of the said sectors should be made to enhance the quality of economic growth and that effective regulatory framework must be in place to ensure fair play for economic growth of Nigeria. Keywords: Privatization, Economic growth, Specialization, Performance and Accountability
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