The Effect Of Privatization Of Government Parastatals On Nigerian Economy

CHAPTER ONE 1.1   INTRODUCTION Privatization is a relatively new word not until about a decade ago, it made on prominent feature in the politics and economy of many countries. It is defined as the process of changing the ownership of government companies to private ownership through the sale of the shares of such companies to individual who will manage the companies efficiently and profitably. Originally privatization was a feature of developed nations, they adopted privatization as more of a political rather than an economic policy. The believe was that the private sector was more effectiv…