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Economic Renewal: The Time Is Now for Privatizing Public Enterprises

Despite substantial government support in the form of loans, subsidies, and extensive investments, the financial health of Public Enterprises remains precarious. Over the last five years, loss-making public enterprises have witnessed an astonishing 6361.5% increase in losses reaching Rs 41.48 billion in 2021/22, while profit-making companies have experienced a 2.4% decrease in profits even as their numbers expand reaching Rs 43 billion in the same year. ....

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Economic Renewal: The Time Is Now for Privatizing Public Enterprises

The establishment of public enterprises, both on a global scale and within the unique context of Nepal, has been a pivotal chapter in the annals of economic development. In the post-World War II era, a surge of state-owned enterprises (SOEs) emerged worldwide, driven by a myriad of motivations and expectations to address market failure. ....

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Does Privatisation Serve the Public Interest?, By Eric Teniola


Does Privatisation Serve the Public Interest?, By Eric Teniola
The privatisation programme was just an opportunity by government to allow very few individuals to buy our common wealth at give away prices.
Some of these companies privatised were established through loans procured by the central government on behalf of the people of Nigeria, and it is the people of Nigeria who will have to repay the loans. Of what benefit has this privatisation programme been to the people of Nigeria and what impact?
Between 1988 and 1993, Alhaji Hamzat Rafindandi Zayyad (1937-2002) dominated the headlines in this country. He was in the news not because he was the first chartered accountant from the old northern Nigeria. He became an accountant in 1963. He was in the news not because he was a mentor and godfather to many public officers, especially from northern states, including the current governor of Kaduna State, Mallam Nasir El-Rufai, a surveyor, who has been elected twice now. ....

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