Privatisation in Nigeria: A critical analysis of the virtues and vices

Abstract

The twin-problems of mismanagement and corruption encountered by the state-owned corporations constitute the impetus for the recent privatisation of those corporations in Nigeria. Private sector seems, however, inseparable from public sector as viable public sector serves as guide for the private sector. It goes on to reason that a decaying public sector would give rise to inefficient private sector. Also, private sector has its own inherent contradictions as privatization in itself is not an antidote to corruption and mismanagement of which the public sector is being accused. The controversy and the contradictions in this topical issue aroused the interest and concern of this paper. The focus of the paper, therefore, is to present the two sides of the arguments on the viability of privatisation. The paper adopted content analysis in driving home its points.

Keywords

• Corporations
• Corruption
• Mismanagement
• Private Sector
• Public Sector