Amakom Uzochukwu (African Institute for Applied Economics)
Abstract
In Nigeria gone are the days when public enterprises were the beacons of the economy due to the perennial low productivity, which is now a tag on them with its resultant ramshackle efficiency. In order to boost the economy a new wind is blowing amongst the developing countries of the world and the wind in question is privatization. Nigeria has indulged in this exercise for the past thirteen years and it is proper to take stock of the effect. Utilizing information and data collected on three of such enterprises involved in the first phase, a deep insight of the performance after privatization exercise were taken employing the services of some performance indicators such as profitability, operating efficiency, capital investment, leverage, employment and dividend payout. Data Envelopment Analysis was employed in determining whether productivity have improved after privatization exercise. The study revealed a significant improvement in productivity while efficiency is still at the back door. From the study also, other indicators were showing mixed effect depending on the firm in question.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by EconWPA in its series Public Economics with number
0508018.