PRIVATIZATION, JOB SECURITY AND PERFORMANCE EFFICIENCY OF PRIVATIZED ENTERPRISES IN NIGERIA: A CRITICAL REASSESSMENT

Abstract

Privatization is one singular economics policy that has generated many controversies in Nigeria.
While some argued in favour of, others are antagonistic about its introduction in the country. As
government is set to full privatized Power Holding Company of Nigeria (PHCN) and complete the
second phases of the programme in Nigeria, there is need to reassess the potency of the policy in the
past twenty years. This paper therefore investigates the impact of privatization on employment
creation, job security and performance efficiency of privatized state owned enterprises (SOEs) in
Nigeria. It was evidence that, privatization though with challenges, stimulated employment creation
and ensured job security and productivity of privatized enterprises. We recommended that
government should rethink in the implement of the second phase of the programme to make it more
effective and beneficial to most Nigerians.