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The Impact of the Politics of Privatization and Commercialization of Public Enterprises in Nigeria on the Level of Productivity and Economic Viability: The Case of Alscon and Nitel

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  • Basil Chijioke Onuoha
  • Enoobong David Umoh
  • Henry Ufomba

Abstract

One of the most debated economic policies in the developing world today is the privatization and commercialization of public enterprises in Sub-Saharan Africa, and its positive and negative implications both in the short and long run. Much attention has been drawn to the observation that although privatization and commercialization was a popular policy in the liberalization process in developing economies in post cold war era, it has in many instances failed to translate to improved productivity and simulate the domestic economy (Obadan and Ayodele, 1988; Okanachi and Obutte, 2015). Situated within this observation, this paper opined that the interplay of politics and public policy direction of government in Nigeria have a negative influence on the process of privatization and commercialization of the state owned enterprises (SoEs) in the country in terms of their productivity, economic viability and contribution in stimulating the economy. Data for this study was drawn from 200 respondent (both managerial and non-managerial staffs) of the privatized Aluminums Smelter Company (ALSCON) and 200 too from Nigeria Telecommunication Limited (NITEL). Evidence showed that the two SoEs although marked for privatization and commercialization witnessed a downturn in their level of productivity and economic viability because the process was marred as a result of its politicization.

Suggested Citation

  • Basil Chijioke Onuoha & Enoobong David Umoh & Henry Ufomba, 2017. "The Impact of the Politics of Privatization and Commercialization of Public Enterprises in Nigeria on the Level of Productivity and Economic Viability: The Case of Alscon and Nitel," Asian Development Policy Review, Asian Economic and Social Society, vol. 5(1), pages 43-55.
    • Handle: RePEc:asi:adprev:v:5:y:2017:i:1:p:43-55:id:273
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    Cited by:

    1. Norlaile Salleh Hudin & Nur Shafiqa Azrin Khairil Annuar & Ahmad Zainal Abidin Abd Razak, 2019. "The Influence of Hedonic and Utilitarian Shopping Value Towards Consumer Behavioral Intention Among Youth Mall Shoppers," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(5), pages 1-8, December.
    2. Tae Sik Rhee & Fusheng Zheng, 2019. "The Effects of Work-Family Enrichment on Job and Life Satisfaction of Korean Employees," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 138-144, August.

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