EFFECT OF PRIVITIZATION AND COMMERCIALIZATION OF PUBLIC ENTERPRISE IN NIGERIA (A STUDY OF POWER HOLDING COMPANY OF NIGERIA)

Abstract

In Sokoto Nigeria and Federal Government owned enterprises is the expectation action that the rate of growth and development may be satisfied through promotion of such enterprises. The adoption of privatization as an alternative development plan must have been of pernicious one for some element of the Nigeria ruling class. This is because public enterprises have tended to become important revenue for serving ethic based distribution interest indeed the recent call for reversal of the exercise in the lending banks in the country is seen as the consequences of apparent loss of influence, which the privatization exercises has endangered within this cycle.