The Impact Of Privatization On The Nigerian Economy

ABSTRACT This paper examines the outcome of privatization in the Nigerian economy within the context of a globalized economic system and against the supposed inefficiencies of state owned enterprises. It argues that the privatization process in Nigeria as in other developing countries represents among other characteristics a new phase in the export of capital from the advanced countries. Having examined some key economic variables, the paper further argues that the privatization process has not resulted in any significant improvement in the Nigerian economy. Data gathered for this study was fr…