THE IMPACT OF PRIVATIZATION ON THE EFFICIENCY PUBLIC OF ENTERPRISES YOLA ELECTICITY DISTRIBUTION COMPANY (A CASE STUDY OF DAMATURU BRANCH OFFICE, YOBE STATE)
Abstract
ABSTRACT
The study intended to explore the impacts of privatization on the Nigerian economy an assessment
of Power holding company of Nigeria in Yobe state. It contends that, privatization has positive
impacts on the Nigerian Economy and the general public. Privatization seeks the aspect of
economic reform as an instrument of efficient management of resource for rapid economic
development, wealth creation, competitive market, and redistribution of wealth and poverty
reduction. The study adopted the Neolibralism theory of political economy as a theoretical
framework for the study. However, data were collected both from primary and secondary sources
using descriptive statistics method to analyze the data. In conclusion, the study submit that,
privatization has a positive impacts on Nigerian economy through the broken down of the power
monopoly in the power sector by luring new investors into generation of power, transmission of
power and distribution of power. The study recommends that; government should diversify the
power sector not just selling of shares in the power sector but by opening up of other energy source
such as biomass, solar energy, wind vine energy, nuclear energy and geothermal energy. This will
reduce the total dependent on Hydroelectricity.
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