The Effect Of Government Policy On Privatization And Commercialization On Nigeria Economy

(A CASE STUDY OF PHCN, EKWULOBIA)     CHAPTER ONE 1.1        BACKGROUND OF THE STUDY The import substitution policy of the post independence Nigeria led to the establishment of industries. Apart from this prime motivation for import substitution, there was the need to create jobs for the growing educated youths, the need of industrialization and the ideological argument that the government should control, regulate and supervise the commending heights of the then nascent economy. Furthermore, there was the need to strive to catch up with the developed countries of the world and since the indig…