International records / OpenAlex research

Theoretical and Empirical Issues in Privatisation: A Comparative Study of the British and Nigerian Experience

The paper undertakes a comparative critique of two privatisation programmes: Britain and Nigeria. It argues that privatisation entails the appropriation and expropriation of the national surplus created by labour, and represented in the social wealth of the public enterprises being put up for sale. Consequently, central to the problematic of privatisation the paper posits are the issues of power, the authoritative allocation of resources, and the decentralization of the role of the state in development. To this end, the paper avers that privatisation goes beyond the “transfer” or “change of ow…