The Role of BPE In Liberalising The Nigerian Economy
For many, privatisation and commercialisation is simply a massive fire sale of government assets by the National Council on Privatisation (NCP) and its implementation arm, the Bureau of Public Enterprises (BPE). But on the scale of one to ten though,...
DG’s Desk
Dear All, It is nice to engage again on this platform. I trust you have been keeping well and keeping busy. It is the 30th Anniversary week of this great institution and I would like to use this opportunity to...
But why privatisation?
Experience worldwide has shown that public enterprises have failed to live up to expectations. They tend to consume a large proportion of national resources without discharging the responsibilities thrust upon them. More importantly, they fail to share out these resources...
What are the impact of privatisation on workforce and employment?
Indeed, with new investments in the privatized enterprises, better resource allocation, operational efficiencies, and better corporate governance are likely to pave the way for expansion and job creation. These improvements in turn will bring about better working conditions, higher pay...
Does privatisation lead to overall growth in the economy?
There are, of course, no guarantees but privatisation can be an important element for increasing the workforce in the long term. If private management functions on an efficient and profitable basis, it should be expected that its business would increase...
What are the long-term benefits of privatisation on the economy and job creation efforts?
The sale of public enterprises would reduce the level of employment in the short-run, because of the elimination of excess labour. Unemployment, however, is expected to decrease in the medium- and long-run as the rate of growth of the economy...
What should be the essential role of the government in making privatisation work?
The government must devise sectoral policies that introduce competition and promote private sector development. It must establish and maintain a strong regulatory framework for the remaining monopolies, public and private, to ensure that fair business practices are adhered to, keep...
What are some of the benefits of privatisation to the economy and the society?
Privatisation is not an end in itself, but it is a key tool for improving the efficient allocation of resources, for mobilizing investment, and for stimulating private sector development. It is expected to bring about the following benefits: Reduce corruption...
What is the case for privatisation?
There is clear evidence that public enterprises have contributed to our economic stagnation and poor national image. Public enterprises have: Created economic inefficiency; Consistently incurred financial losses; Absorbed a disproportionate share of credit; Contributed to financial deficits and imbalances; Contributed...
