The project title is privatization and commercialization of public enterprises in nigeria. A reflection on public enterprise sector in nigeria. Analysis of the performance of public enterprises in nigeria. To determine the challenges facing small and medium enterprises smes in adopting effective financial accounting reporting in nigeria.
Department of public administration and local government, university of nigeria, nsukka. The growth of public enterprises in nigeria came against the background of sudden windfall from the oil sector in the 1970s. Public enterprises and suggests measures for improving their efficiency. Impact of marketing strategy on business performance a.
However, the management of public enterprise is paramount to achieving this. Department of accountancy school of business studies delta state polytechnic, ozoro, nigeria email. The public enterprises of the erstwhile soviet union comprised of 85% of the workforce of the country. In most countries of the world, particularly the developing ones, the. E 2 1 department of public administration, federal polytechnic bida niger state, nigeria. Against, the background of the above explication, this research work empirically explored into the management of public enterprises in nigeria with a particular reference to nigeria television authority, awka. Government also passed a privatization policy during ndp 8, which resulted in the creation of the public enterprises evaluation and privatization agency peepa. The new public management the term new public management encompasses a wide range of techniques and perspectives that are intended to overcome the inefficiencies inherent in the traditional model of public administration. Public enterprises are known in most developing nations as a. The objective of the policy is to enhance and improve the efficiency of public enterprises.
The agreements of statement of corporate intent sci contact details. One of the motivating factors for establishing public enterprises in nigeria is to facilitate social and economic development in sectors that are not considered expedient for private sector investment by foreign and local investors. The application of project management pm tools and techniques in public sector is gradually becoming an important issue in developing economies, especially in a country like nigeria where projects of different size and structures are undertaken. Pdf improving public enterprise management in developing. Management styles and organizational effectiveness. In nigeria, the report of the presidential commission on parastatals set up in 1981 under the shehushagari administration revealed that public enterprises were characterized by misuse of monopoly power, defective capital structure, mismanagement, corruption and nepotism. Definitions of public enterprise generally speaking, public enterprise has two dimensionspublic dimension which usually refers to public. Public enterprises management in nigeria request pdf. Management of public enterprises in nigeria project topics. The public enterprises came into existence as a result of the expanding scope of public administration. What are the problems of nigeria enterprises answers. Financial reporting in small and medium enterprises smes. In most countries of the world, particularly the developing ones, the decades following world war ii particularly, the 1960s and early 1970s witnessed a massive intervention of the government in national economics.
The challenges of effective privatization of public enterprises in nigeria includes abstract and chapter one, complete project material available the challenges of effective privatization of public enterprises in nigeriaa case study of the nigerian telecommunication limited nitelabstractthis project. Management and accountability in edo state, nigeria onatuyeh, e. Impact of effective internal audit functions on public sector. Management of public enterprises in nigeria project. A dichotomous approach to the study of leadership as management action and the governance structures within which managers operate has inhibited the search for a public management theory that reconciles the. New public management and public service effectiveness in. Privatization and management of public enterprises in nigeria. The advent of the concept of welfare state after the second world war and the increasing developmental initiative undertaken by government across the world, the system of public enterprises was developed.
The population of the study consisted of top, middle and lower levels of managers of private enterprises across the eight industrial sectors of anambra state. Financial reporting in small and medium enterprises smes in. The reform agenda of public enterprises include, inter alia, the issues of management, structures, performance monitoring and feedback arrangements including. Traditional public administration versus the new public. In this company, government owns at least 51% of total shares. Privatization of state owned enterprises soes just like the case of benue cement coment company plc has become a key component of the structural reforms process and globalization strategy in many economic. The paper examined the application of the project management practice in public sector in nigeria. Akindele and others published public enterprises management in nigeria find, read and cite all the research you need on researchgate.
Expectations for efficient nigerian public enterprises have. Pdf management of public enterprises through public private. Singaporean journal of business economics, and management studies vol. Managing the challenges of public enterprises in nigeria and the privatization option okeke. Development in nigeria department of social sciences. This type of company is a popular form of company because it is easy to organize and is considered to be more efficient. Oji department of political science, enugu state university, enugu nwachukwu emmanuel c department of public administration, imo state polytechnic umuagwo, ohaji. Management of public enterprises through public private.
Salako 2001 asserts that public enterprises in nigeria are estimated to account for 16. Meaning of public service the meaning of pubic service is contained in section 277 91 of the constitution of the federal republic of nigeria of 1979 now section 169 of the 1999 constitution as encompassing the civil. This stimulated the tempo of public sector intervention in the economic development process. The privatization of public enterprises has been suggested as a panacea for solving the challenges facing public enterprises in nigeria. Jul 06, 2019 in line with this strategy, the number of public enterprises in nigeria grew from fifty in 1960 to about eight hundred in 1982 adamolekun, 1983. Pdf management of public enterprises through public.
They argue that poor application of internal audit principles and procedures leads to blatant diversion of scarce resources with its attendant consequences on the traditional accountability. O department of marketing the polytechnic, ibadan tel. Some public enterprises are placed under public ownership because, for social reasons, it is thought the service or product should be provided by a state monopoly. Management of public enterprises through public private partnership in nigeria. Of this 20%, 80% is accounted for by the quality of leadership. Public enterprises in nigeria politics essays essay sauce. During twentieth century various governments started participating in industrial and commercial. Against, the background of the above explication, this research work empirically explored into the management of public enterprises in nigeria with a particular reference to nigeria television. We are interested in providing answers to the following problematic. The creation and growth of state public sector of business is designed as an instrument of social control.
For a developing country public enterprises have become a key factor for the planned and balanced growth. Akindele and others published public enterprises management in nigeria find, read and cite all the research you need on. The study investigated management styles and organizational effectiveness of private enterprises in anambra state of nigeria. Hanson rightly observes that, public enterprise without a plan. Privatization and commercialization of public enterprises in. The study focuses on the role of public enterprises in economic development in nigeria. This type of company is a popular form of company because it is. Public corporations are created by a special stature of a state or central government.
A public enterprise which is established under the prevailing law of the country is called a government company. The growth of public enterprises also has its roots in the colonial pasts of the countries of asia and africa. The economic arguments, security concerns as well as the implications of privatization for the nigerian working class. This paper examines the challenges facing public enterprises in nigeria with a special focus on the. Public enterprises privatisation and commercialisation act arrangement of sections part i privatisation and commercialisation of public enterprises section 1. The essence of materials management in nigerian business organizations. The extent to which this objective has been realized is still subject to controversy. Nevertheless, public enterprises are in dilemma of some management constraints, which tend to hinder their goals and objectives. In order to achieve an efficient management of public enterprises through public private partnership in nigeria, the following recommendation should be considered. The challenges of effective privatization of public enterprises in nigeria includes abstract and chapter one, complete project material available the challenges of effective privatization of public enterprises in nigeriaa case study of the nigerian telecommunication limited nitelabstractthis project titled the challenges of effective privatization of public enterprises in. Public enterprises management vehicle for sustainable.
Public enterprises are autonomous or semiautonomous corporations and companies established, owned and controlled by the state and engaged in industrial and commercial activities. A public corporation is a separate legal entity created for a specific purpose. A public administrator must be ready to be a key player in this process and be able to anticipate issues in public discussion just as the manager of a private company has to deal emerging market forces. Then, due to inadequate capital and lack of finance, public enterprises in nigeria are confronted with many problems by the employees, managers and political interference in affairs of public enterprises. Impact of marketing strategy on business performance a study of selected small and medium enterprises smes in oluyole local government, ibadan, nigeria. During twentieth century various governments started. Management of public enterprises authorstream presentation. A legislative act is passed by defining the sphere of work and mode of management of the undertakings. In line with this strategy, the number of public enterprises in nigeria grew from fifty in 1960 to about eight hundred in 1982 adamolekun, 1983. Definitions of public enterprise generally speaking, public enterprise has two dimensions public dimension which usually refers to public. Unresolved challenges and new opportunities this publication features the papers presented and views expressed during the expert group meeting egm on reinventing public enterprises and their management held from 27 to 28 october 2005. Types of public enterprises management notes tyrocity. It is said that 80% of the performance of any organization depends on management systems and only 20% on people.
Nigerias public enterprise also known as public corporations are legal entities apart from government. The development strategy at that time took a different shape. The study soughs to ascertain the role of public enterprises in improving the standard of living in nigeria. In the words of ogunna 1999, the poor performance of public enterprises in nigeria can be approached from the perspective of inadequate financial and. Impact of marketing strategy on business performance a study. Public enterprise, a business organization wholly or partly owned by the state and controlled through a public authority. It examines the role of public enterprises in todays economy, especially within. Problems faced by public enterprises all management articles. Public sector management covers such aspects of management as productivity management, and management of human, financial and other resources. Public enterprises and their management, in new york during 2728.
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