Privatization and the Future of the Public Sector in Nigeria

This paper examines the place of privatization and the future of the public sector in Nigeria. In doing this, the meaning of privatization was discussed, the benefits of privatization was identified, the short comings of the public sector management of public enterprises that necessitated the privatization policy of government in the first instance was noted, and the future of the public sector in Nigeria was advocated. Though privatization policy of the government is good, it must be carried out in a transparent and genuine manner for it to achieve its goals and objectives by all in the society. Government therefore, must pursue its privatization policy of state-owned enterprises to free the public sector of it, to enable the public sector to pursue activities where it has the greatest comparative advantage over the private sector like the provision of enabling environment and adequate provision of security of lives and properties that will enable economic activities to flourish in the society .