Privatization and Organizational Performance in Nigeria

Privatization in Nigeria

The objective of this chapter is to present background to the research on Privatization and Organizational Performance in Nigeria, research problems research questions, purpose of the study and research proposition. Furthermore, the significance of the problem and justification for the study are also presented alongside with methodology approach. The literature was well reviewed so as to identify gaps and a discussion on the theoretical framework was also looked into. Finally, the finding and discussion came alongside with the conclusion.

There is a natural cycle that takes place in a developing country. It begins with revolution and starts a journey through poverty. From there, the country rebuilds and redefines itself. Some countries make decisions that ultimately reroute the overall economic course to one of success while others make decisions that keep the country in poverty and allow others to prey on the resources and citizens. In most cases, the public service is always linked to the economic and socio-political advancement of such countries (World Bank, 1997) as an aftermath of the weakness of the private sector. Inclusive, researchers has concluded that a poor structure of economic performance and corruption in Africa can be integrated with bad development macroeconomics regulation, political unethical rules, bad governance and the lack of good democracy (Mutahaba 1989; Therkilsen 2001). In Nigeria, a country with a history of religious and tribal tension, the steps are finally being taken to grow and expand business and offer the country some stability for the future. This case study will discuss the current status of privatization and organizational performance within Nigeria. The significance of this research is to assert what must happen in order for the private sector of the company to grow. To start off, primarily leads to the research problem, asking questions about if there is an available model to stabilize the private sector in Nigerian to thrive and to as well see how the Nigeria government monopolistic controls are ineffective on the private sectors initiatives. This is a case study based on research from the last 15 years dealing with the growth and expansion of business in Nigeria. This research will be conducted carefully, reviewing all applicable literature from both peer-reviewed sources and economic commissions dealing with Nigeria and its current course.

2. The Research Problem

According to the analysis of the various publications, the research problem in Nigeria is base on the fact that, the Nigerian governments, in their attempts to ensure an ideal corporate structure, have eliminated the ability of private business to grow and thrive, thus chocking out the country's private sector.

Research question

To achieve the objectives and also create a direction for the research, the following research question was generated by a critical analysis done via the various publication .The following questions are been addressed: