International records / OpenAlex research

Explaining the Problems and Prospects of Privatization and Deregulation of the Oil Sector and Selected Non-Oil Sector of the Nigerian Economy

With the nationalization In 1972 and 1977 of foreign interest investments in other enterprises, the government has over the years been the major player in the Nigerian economy with unarguably the highest individual holding in terms of quantum of investments. As a result of the extent of government involvement and control, most of these enterprises were unable to make any reasonable profit (but rather losses) because they were managed inefficiently and thus became economically un viable. Since the mid-eighties, many developing countries have announced ambitious plans to deregulate and privatize…