The Political Economy Of Privatization In Nigeria: A Case Study Of The Nigerian Telecommunications Limited (Nitel)

Suleiman, B. M. (2014) The Political Economy Of Privatization In Nigeria: A Case Study Of The Nigerian Telecommunications Limited (Nitel). Researchjournali’s Journal of Sociology, 2 (11). ISSN 2347-8241

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Abstract

Privatization in Nigeria was thought to have represented a reversal of the entire post-military and post-authoritarian interventionist policy paradigm. The privatization decision resulted from demands associated with the international institutions such as the World Bank and globalization in general. The sad reality, however, is that privatization in Nigeria has been abominably politicized, climaxing at political patronage and cronyism as clearly shown by biased selection of candidates, inadequate regulatory framework and the poor mode of privatization. Using the Nigerian Telecommunications Limited (NITEL) as a Case Study, this dissertation rehearses the problematical scenery of privatization in Nigeria, and how privatization, rather than serving as an economic reformatory tool, has been used as a tool for political settlements. The result of the study corroborates previous researchers‟ position that privatization in Nigeria failed to deliver the economic goal of efficiency and improved productivity. In the case of NITEL particularly, the results of the study (using information and data collected on NITEL, a thorough insight of the performance after privatization exercise were taken with references to some performance indicators such as profitability, operating efficiency, capital investment, leverage and employment), showed that the company almost experienced bankruptcy before the Nigerian government revoked the sale from Transnational Corporations (TRANSCORP). The pinnacle of the findings of the study reveals that political corruption and institutional failures are the most responsible factors for the failure of privatization in Nigeria, generally, and in the case of NITEL, particularly

Item Type:	Article
Uncontrolled Keywords:	Political economy, Privatization, Corruption, NITEL
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HM Sociology
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	29 Nov 2016 12:42
Last Modified:	29 Nov 2016 12:42
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/7443

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