Probing the Privatisation Process

Nigerians are increasingly worried about the wisdom of selling government-owned enterprises to individuals in the name of the unfortunate IMF-orchestrated privatisation within the past twelve years.

Protagonists of privatisation claimed that it would stimulate the economy, create employment and generate profit. This seems to be far from the truth as more than 80 per cent of government companies privatised, especially during the Olusegun Obasanjo administration, has failed to operate properly due to what is described as lapses in the privatisation process.

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