The world economic depression of the late 1930s and the Russian revolution of 1917 reshaped the government activities from governance to partaking in business enterprise. The economic depression in Europe led to total economic catastrophe that made it impossible for the private business owners to control the economy. Hence, the necessity for the government to come in and take active part in financing certain business activities to revamp the economy.
TABLE OF C CONTENTS
1.2 Statement of the problem
1.3 Purpose of the the study
1.4 Significance of the study
1.5 Research hypothesis (if any)
1.6 Scope and Limitation of the case study
1.7 Organization of the study/ plan of study/ Synopsis
1.8 Definition of terms or operation terms
2.0 LITERATURE REVIEW
2.2 Theoretical framework
2.3 current trends in thinking
2.4 Summary of the chapter
2.5 Strategy for successful privatization reference
3.2 Sample and population of the study
3.3 Sources of Dada/ Data collection instrument
3.4 Method of data analysis
3.5 Research problems
4.0 DATA PRESENTATION / ANALYSIS AND INTERPRETATION FINDING
4.1 Brief history of the case study
Case for privatization
4.3 An evaluation privatization policy in the case studies
4.4Summary of the chapter
5.0 SUMMARY, RECOMMENDATIONS AND CONCLUSIONS
5.1 Summary of findings
The phenomenon in Europe helped to boost the ego of Keyness that great economist when in his postulation that the government should partake in the stimulation of the economy, even when it is definitely financed, by using idler resources to play a leading role in/ the reallocation of national resources to prevent market failure.
The spread of this economic depression also started in Nigeria in the late 1970s. This led to growing unsustainable fiscal deficits, declining agricultural production, low and falling capacity utilization rate. This led to falling, national output, high unemployment level and a depressed standard of living, using countries like America, chile and some others that have started the privatization policy as mirrors, Nigeria intensified her effort to privatize some of the government public enterprises.
Moreover, the high governmental financial burden as a result of her expenditure on these enterprise public enterprises prompted Nigeria Government to act fast on the privatization policy. However, it was to be progressively embarked upon in phase. The phase one has already achieved some success while the second phase is in progress.
1.2 STATEMENT OF THE PROBLEMS
The oil boom, of the 1970s led to the establishment of various public enterprises by Nigeria government in other to part in places the necessary infrastructure needed to move economy forward for the economic take –off this was also put in order to spread the allocation of the national resources to every nook and crannies of the country. The boost however, led to misuse and disaster in a decade later as a result of oil glut and general economic recession.
The bitter economic pills brought by the global recession led to a retting in Nigeria that urshered in a phenomenon of privatization. As the public enterprises previously managed by the government like Nigeria Airways, Nigeria National ports authority , National Electricity power Authority, Nigeria National petroleum corporation, Banks, insurances, and so on are to be sold to the corporate and individual interested persons for efficient management,
However, there is resentment from certain sections of the countries that the policy would not help the economic situation in the country, but with a supposedly well done research, the government is optimistic of the success of the programme.
The research work therefore tends to bring out clearly the unknown fact about the privatization policy and stress the national development tendencies interest in the policy and how it affects Nigeria port Authority, one of the corporation stated for privatization.
1.3 OBJECTIVES OF THE STUDY
The main objectives of the study is to bring out clearly the meaning of privatization of the people of Nigeria and in particular the staff of Nigeria port Authority who are affected by the privatization policy.
The research work also aims at inform Nigerians and the staff of Nigeria Port Authority What they stand to gain at least in the long nin on privatization.
To know some salient issue about privatization and its positive impact on the masses at large how it would no effect the masses of Nigeria negatively.
To also know the historical background of Nigeria port Authority.
1.4 SIGNIFICANCE OF THE STUDY
The research work is to serve as source of information to the Nigeria public and scholars particularly on what privatization really means and its effects on the economy.
It also serve as an educator to the staff of Nigeria ports Authority on how the policy affects them as regards their security and progress at work.
The work also serve as a point of reference to other researchers in the academic world. No man in an island. This serves as a taken contribution to the academic pursuits
1.5 SCOPE AND LIMITATION OF THE STUDY
All cannot be said about privatization in a research work, the study will cover the definition of the concepts, it would also be liked with economic development. The study will focus on Nigeria ports authority which is the concern of this study affects staff of the corporation. Efforts would also be made to see how for Nigeria has gone with the privatization policy.
However, the limitations envisaged in the research work is the ability to lay hands on scholastic texts ‘on this concepts. Much literature is not a available on the topic except seminar papers, journals and magazines hand newspapers.
1.6 ORGANIZATION OF THE STUDY
The study is divided into five chapters, chapter ‘one is a reflection of the research work which comprises of the introduction, statement of problem, objectives of the study, significance of the study, research hypothesis, scope and limitation of the study, organization of the study and the definition of terms.
Chapter two is a review of various scholar works,
Chapter three deals with research methodology
Chapter four consists of interpretation of data analysis of Nigerian port Authority and analysis of the privatization policy with its implementation
Chapter five is the summary, conclusion and recommendation.