Privatization and Economic Performance: Evidence from Nigeria (1990–2010) | Zendy

EB Ifionu | Zendy; AR Ogbuagu | Zendy

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Privatization and Economic Performance: Evidence from Nigeria (1990–2010)

Author(s) -

EB Ifionu,

AR Ogbuagu

Publication year - 2013

Publication title -

african research review

Language(s) - English

Resource type - Journals

eISSN - 2070-0083

pISSN - 1994-9057

DOI - 10.4314/afrrev.v7i2.2

Subject(s) - political instability , politics , business , state (computer science) , economic stability , economic system , economics , development economics , public economics , market economy , macroeconomics , political science , computer science , law , algorithm

Does privatization of state–owned enterprises result in economic performance? This paper seeks to evaluate theoretically and empirically the impact of privatization on economic growth in Nigeria. Using error correlation model (ECM), it was discovered that privatization has not impacted positively on economic growth in Nigeria, and this was blamed on a lot of factors like political instability and inadequacy of the past policies to achieve good result. Therefore, we recommended that it will be highly necessary to create a supportive enabling environment if we must achieve growth.

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