7/3/2015 1. INTRODUCTION CONCEPT OF PRIVATIZATION EVOLUTION OF PRIVATIZATION IN NIGERIA SECURING...
-
Upload
pamela-cunningham -
Category
Documents
-
view
217 -
download
1
Transcript of 7/3/2015 1. INTRODUCTION CONCEPT OF PRIVATIZATION EVOLUTION OF PRIVATIZATION IN NIGERIA SECURING...
04/19/23
1
• INTRODUCTION• CONCEPT OF PRIVATIZATION• EVOLUTION OF PRIVATIZATION IN NIGERIA• SECURING NIGERIA: CONSTITUTIONAL
MANDATE• PRIVATIZING SECURITY?• CHALLENGES & PROSPECTS OF
PRIVATIZING SECURITY • CONCLUSION
04/19/23
2
• ENVIRONMENTAL SCANNING OF NIGERIAN ECONOMY
• WHY PRIVATIZATION?• INDEGINIZATION POLICY AS FOUNDATION
OF INDEPENDENCE• MILITARY AND NIGERIAN ECONOMY• PUBLIC ENTERPRISES AND PUBLIC
CORPORATIONS• RECESSION AND SAP• REGIME OF PRIVATIZATION
04/19/23
3
• Government and running business• Government have no business doing
business.• Trajectory of government in business in
Nigeria• Privatization as escape route• Privatization and its objectives-government
to concentrate on governance, performance efficiency, decongest the pressure on government treasury, fund raising drive
04/19/23
4
• Experience from other climes-public share issue, proportional sale, workforce or management buy off, dilution of public sector,
• No success story to rely on? Spain, Portugal, France, Germany, Turkey
• Attitude as key• World Bank Guidelines for policy makers www.worldbank.org
• Constitutional challenges-Section 16 conundrum• Core investors strategy as panacea?
04/19/23
5
• Oil glut as the basis• IMF conditionalities as catalyst• Structural Adjustment Programme (SAP) as
vehicle• Privatization and Commercialization Act as
first step• Gamaliel Onosode Presidential Commission by
President Shagari- real first step-increased role of private sector recommended
• Technical Committee on Privatization and Commercialization (TCPC) led by Dr Hamzah Zayyad-88 of the 111 government enterprises listed for privatization
04/19/23
6
• Bureau of Public Enterprises Act established by Decree No.28 of 1993 creating another implementation committee
• Regime of full privatization as against partial by PCA
• Public Enterprises (Privatization and Commercialization) Act, 1999- Gen. Abdulsalam’s own contribution
• Obasanjo’s addition of National Council on Privatization- Imperative of Privatization tirade
04/19/23
7
• Essence of government• Security of a nation is key to
development• Sections 217 & 218 of the Constitution• Internal and external aggression
matrix• Citizens buy-in on security• Necessity of abdication of duty?
04/19/23
8
• Suicide Mission• Nigerian Project and challenge of
imbalance• The ethnic dimension imbroglio• Religious bigotry and its catastrophic
consequences
04/19/23
9
• Privatization ups & downs• Selling commonwealth for private
enclave• Government and business-no meeting
point• Security as a commonwealth• Nobody and all peoples’ affair• Ship in or ship out
04/19/23
10
• Regulated Privatization• Corruption as a major disincentive• National Conference and the regime of
recapitulation• Security is the business of government• Current security challenges and the
need for concerted efforts
04/19/23
11
THANKS FOR LISTENING
04/19/23
12