IMPACT OF COMMERCIALIZATION ON PUBLIC ENTERPRISES IN NIGERIA
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IMPACT OF COMMERCIALIZATION ON PUBLIC ENTERPRISES IN NIGERIA
ABSTRACT
This study investigates the correlation between the conversion of businesses into commercial entities in Nigeria. Furthermore, this study aims to examine the rationale for the commercialization of state enterprises within the nation. An in-depth analysis of the issues arising from commercialization and its overall impact on the Nigerian economy.
The study employed both primary and secondary forms of data collecting in order to acquire factual information. The monitoring of firm performance in terms of its contribution to economic growth has been a longstanding responsibility of the government.
During this analysis, it has been found that the majority, if not all, of these public enterprises have placed an excessive demand on government resources. Commercialization is widely regarded as a mechanism for economic transformation.
The findings also indicate that the adoption of this approach yields favourable outcomes or is deemed satisfactory. Ultimately, it is evident that the process of commercialization will yield favourable outcomes for the economy.
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