IS PRIVATIZATION AN ANTIDOTE TO CORRUPTION AND INEFFICIENCY IN NIGERIA STATE-OWNED ENTERPRISES?

Ajayi, M. O. and Joshua, Segun (2015) IS PRIVATIZATION AN ANTIDOTE TO CORRUPTION AND INEFFICIENCY IN NIGERIA STATE-OWNED ENTERPRISES? The Quarterly Journal of Administration, XXXIV (1). pp. 72-85. ISSN 0001 8333

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Abstract

The idea that privatization of public enterprises can bring about efficiency has been a subject of debate over the years. While some scholars believe that privatization is necessary to guarantee efficiency and also reduce corruption, others believe that it has negative effect on wealth distribution and also engenders inequalities. Anchored on neo-liberalism theory, the study tries to answer the question whether privatization is actually a panacea to inefficiency and corruption in the management of public enterprises with reference to NlTEL. The study finds that corruption and inefficiency that dogged the path of NITEL which became obvious when some communication companies were allowed to compete with NlTEL brought to the fore the idea of privatizing it. However, the privatization exercise is also fraught with corruption. The paper recommends, among other things, the need to allow the rule of Jaw and transparency to guide subsequent privatization of any public enterprise.

Item Type:	Article
Uncontrolled Keywords:	Privatization, Corruption, Inefficiency, Public Enterprises, NITEL.
Subjects:	J Political Science > JA Political science (General) J Political Science > JZ International relations
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	16 Jan 2017 11:31
Last Modified:	16 Jan 2017 11:31
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/7529

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