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Privatization and Enterprise Performance in Nigeria: Case Study of Some Privatized Enterprises

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  • Afeikhena Jerome

    (University of Ibadan, Nigeria)

Abstract

Despite an impressive level of privatization activity across Africa and the upsurge in research on the operating performance of privatized firms in both developed and developing economies, our empirical knowledge of the privatization programme in Africa is limited. This study appraises the post-privatization performance of some privatized enterprises in Nigeria. The specific indicators examined are profitability, productive efficiency, employment, capital investment, output, prices and taxes. The study measures the change in any given indicator of performance by comparing its average value five years before and five years after privatization. Data envelopment analysis (DEA) is also deployed to assess changes in the level of technical efficiency in the selected enterprises. The results, albeit mixed, show significant increases in these indicators. Privatization is also associated with increase in technical efficiency in the affected enterprises. Reduction of politically motivated resource allocation has unquestionably been the principal benefit of privatization in Nigeria.

Suggested Citation

  • Afeikhena Jerome, 2008. "Privatization and Enterprise Performance in Nigeria: Case Study of Some Privatized Enterprises," Working Papers 175, African Economic Research Consortium, Research Department.
    • Handle: RePEc:aer:wpaper:175
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    Cited by:

    1. Osadume Richard C. & University Edih O., 2020. "Port Revenue Performance and Economic Growth: The Nigerian Ports Authority Experience, 2010-2019," LOGI – Scientific Journal on Transport and Logistics, Sciendo, vol. 11(2), pages 1-11, November.
    2. Felix Chidozie Chidozie & Lawal Promise Odunayo & Ajayi Olumuyiwa Olutosin, 2015. "Deregulation of the Nigerian Telecommunication Sector: Interrogating the Nexus Between Imperialism and Development," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 4, March.
    3. Usman, Ojonugwa & Olorunmolu, Joseph O., 2015. "Does Privatization Increase Firm Performance in Nigeria?: An Empirical Investigation," MPRA Paper 69816, University Library of Munich, Germany, revised 01 Mar 2016.
    4. Magaji Abubakar Muhammad, 2016. "An Investigation on the Performance of Operating Profit Margin of Privatized SOEs," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(6), pages 221-230, June.
    5. Emmanuel I. Akpan, 2012. "Managing Tourism Sector in Nigeria through Privatization Strategy," Business and Management Research, Business and Management Research, Sciedu Press, vol. 1(2), pages 120-124, June.
    6. Eyene Okpanachi & Peter Chukwuma Obutte, 2015. "Neoliberal Reforms in an Emerging Democracy: The Case of the Privatization of Public Enterprises in Nigeria, 1999–2014," Poverty & Public Policy, John Wiley & Sons, vol. 7(3), pages 253-276, September.
    7. Usman, Ojonugwa & Uwadiegwu, Ihedioha O. & Olorunmolu, Joseph O., 2015. "Debt Financing and Post-Privatization Performance of Firms: The Case of Nigerian Listed Firms," MPRA Paper 74921, University Library of Munich, Germany, revised Jul 2016.

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