Privatization And Commercialization In Nigeria, Problems And Prospects

ABSTRACT PRIVATIZATION AND COMMERCIALIZATION of Federal Government’s parastatals and business appear to be the most current topical issue in our national consciousness.  They are the offspring of the post independence. Indigenisation exercise of 1972 and 1977.  While there was the need for commerce and industries to be indigenised after the Nigerian Civil war (1967 – 1970) to allow the ordinary Nigerians to participate in the ownership of hitherto foreign firms, today there is greater need to divest government of its shareholdings in public enterprises.  The goal of indigenisation was to enabl…