Open AccessA Review of Post Privatization Performance of Ashaka Cement Manufacturing Company Nigeria PLC through the use of Financial Ratios
Author(s) -
Abubakar Muhammed Magaji
Publication year - 2012
Publication title -
journal of social and development sciences
Language(s) - English
Resource type - Journals
ISSN - 2221-1152
DOI - 10.22610/jsds.v3i12.726
Subject(s) - business , commercialization , finance , developing country , investment (military) , accounting , economics , economic growth , marketing , politics , political science , law
Privatization as a reform policy package has been adopted by both developed and developing countries’ economies. Nigeria as a developing country has large public enterprises which has about 57 percent of fixed capital investment and about 66 percent of formal sector employment by 1997. These enterprises performed below expectation due to multiple problems. Technical Committee on Privatization and Commercialization (TCPC) was set up to privatize the enterprises and the privatization have since commenced. The paper reviewed Ashaka cement company performance as a privatized enterprise after privatization. Managers of business organization must have reliable analytical tools for taking a rational decision. Ratio is one of such tools. Time series data from Ashaka Cement Company was used. The performance of the company has improved after privatization.