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A Literature Review of Privatization Models, Theoretical Framework for Nigerian Railway Corporation Privatization

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  • Oye Abioye

Abstract

Privatization is the transfer of ownership from the state to the private sector. The main idea behind this economic strategy is to relieve government from the saddle of management of state enterprises that can be seen to be best managed by the private sector for maximum performance. The main method and critical choices for the privatization of the Nigerian Railway Corporation are management-buyout, concession, management contract, leases, share option and franchises. In addition, the research paper discusses the main performance indicators, such as effectiveness, efficiency, productivity, infrastructural investment, and profitability. These are the parameters set to measure the performance of privatized state enterprises after privatization discussed in the research study.

Suggested Citation

  • Oye Abioye, 2022. "A Literature Review of Privatization Models, Theoretical Framework for Nigerian Railway Corporation Privatization," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 14(8), pages 1-36, August.
    • Handle: RePEc:ibn:ijefaa:v:14:y:2022:i:8:p:36
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    References listed on IDEAS

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    1. John Bennett & Saul Estrin & Giovanni Urga, 2007. "Methods of privatization and economic growth in transition economies," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 15, pages 661-683, October.
    2. John Bennett & Saul Estrin & Giovanni Urga, 2007. "Methods of privatization and economic growth in transition economies1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 15(4), pages 661-683, October.
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    Cited by:

    1. Jose-Luis Zafra-Gómez & Germán López-Pérez & Marta Garrido-Montañés & Elisabeth Zafra-Gómez, 2023. "Cost Efficiency in Municipal Solid Waste (MSW): Different Alternatives in Service Delivery for Small and Medium Sized Spanish Local Governments," Sustainability, MDPI, vol. 15(7), pages 1-14, April.

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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