Open AccessPRIVATIZATION OF PUBLIC ENTERPRISES IN NIGERIA: VALUATION ISSUES AND PROBLEMS
Author(s) -
Aluko Bioye Tajudeen
Publication year - 2004
Publication title -
journal of business economics and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.485
H-Index - 37
eISSN - 1611-1699
pISSN - 2029-4433
DOI - 10.3846/16111699.2004.9636083
Subject(s) - divestment , valuation (finance) , business , phenomenon , economics , finance , quantum mechanics , physics
Privatization of public enterprises is a rapidly growing phenomenon in developing countries. However, it requires a lot of policy decisions and careful planning, which depend on high‐quality accounting and valuation data. But, the major controversy which trailed the first phase of privatization programmes in Nigeria is the asset valuation methodology. This article therefore examines valuation issues and problems besetting divestiture of public enterprises in the country and offers suggestions toward improving upon the quality of asset valuation for privatization.