Privatization in Nigeria
Author: Dennis O. Odife
Publisher:
Published: 1988
Total Pages: 172
ISBN-13:
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Author: Dennis O. Odife
Publisher:
Published: 1988
Total Pages: 172
ISBN-13:
DOWNLOAD EBOOKAuthor: Thorsten Beck
Publisher: World Bank Publications
Published: 2005
Total Pages: 37
ISBN-13: 0050302124
DOWNLOAD EBOOK"Beck, Cull, and Jerome assess the effect of privatization on performance in a panel of Nigerian banks for the period 1990--2001. They find evidence of performance improvement in nine banks that were privatized, which is remarkable given the inhospitable environment for true financial intermediation. Their results also suggest negative effects of the continuing minority government ownership on the performance of many Nigerian banks. The authors' results complement aggregate indications of decreasing financial intermediation over the 1990s. Banks that focused on investment in government bonds and non-lending activities enjoyed a relatively higher performance. This paper--a product of the Finance Team, Development Research Group--is part of a larger effort in the group to study the effects of bank privatization in developing countries"--World Bank web site.
Author: Lawrence Okechukwu Azubuike
Publisher: Universal-Publishers
Published: 2009
Total Pages: 275
ISBN-13: 1599425009
DOWNLOAD EBOOKNigeria's political economy has straddled the ideological divide between socialism and capitalism. The country produces oil, and at some point in its existence, it embarked on robust state involvement in the economy. This was marked by the acquisition, or establishment, of numerous state enterprises. Over the years, the performance of these enterprises was found to be dismal, and as part of the overall reform of the economy, Nigeria has joined the global trend toward reduction in direct state ownership of enterprises. Indeed, it has embarked on massive divestment of state interests in once publicly owned firms. Besides the universal rationale of efficiency, one of the objectives of the privatization exercise in Nigeria is the attraction and retention of foreign investments. This work examines the direct and indirect linkage between the government's divestiture of its interests in firms, on the one hand, and foreign investments in the country, on the other hand. The book is divided into seven chapters. Chapter 1 reviews the political and economic history of Nigeria, to set the background and context that necessitated the introduction of the reform package of which privatization is just an aspect. Chapter 2 is a discussion of various natures of state involvement in an economy. This ranges from mere regulation to active participation. The chapter discusses the competing conceptual and ideological theories and tries to situate the Nigerian experience within the broader conceptual dichotomies of capitalism, socialism and the via media of mixed economy. Chapter 3 is an examination of the meaning and rationales for privatization of state owned enterprises generally and the Nigerian attempts in particular. Nigeria's privatization program is an ongoing exercise. Yet two distinct attempts are identifiable: one which started in 1988 and the reinvigoration of the exercise, albeit with new constitutive frameworks, in 1999. Thus, Chapters 4 and 5 review the legal and institutional frameworks for these two exercises. Chapter 6 deals with foreign investments in Nigeria. The discussion encapsulates the pros and cons of foreign investments, especially in Nigeria. Chapter 7 explores the direct and indirect linkages between the privatization program in Nigeria and foreign investments in the country. This is particularly apposite because one of the touted objectives of the privatization exercise is the attraction of foreign investments. A conclusion follows. The work finds that although foreign investments appear to have been indirectly boosted by the privatization exercise, foreign investors initially did not show interest in direct acquisition of the shares and other interests being relinquished by the government, but that that attitude has been changing gradually.
Author: Nigeria Presidency. Technical Committee on Privatisation and Commercialisation
Publisher:
Published: 1993
Total Pages: 188
ISBN-13:
DOWNLOAD EBOOKAuthor: Michael I. Obadan
Publisher:
Published: 2000
Total Pages: 128
ISBN-13:
DOWNLOAD EBOOKAuthor: A. 'Sesan Ayodele
Publisher:
Published: 2000
Total Pages: 52
ISBN-13:
DOWNLOAD EBOOKAuthor: National Council on Privatisation (Nigeria)
Publisher:
Published: 2000
Total Pages: 104
ISBN-13:
DOWNLOAD EBOOKAuthor: N. M. Ogubunka
Publisher:
Published: 2001
Total Pages: 171
ISBN-13: 9789780522735
DOWNLOAD EBOOKAuthor: Shamsuddeen Usman
Publisher:
Published: 1997
Total Pages: 922
ISBN-13:
DOWNLOAD EBOOKAuthor: Afeikhena Jerome
Publisher:
Published: 2008
Total Pages: 72
ISBN-13:
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