Thesis Abstract

Abstract
The privatization and commercialization of public enterprises have become significant strategies in the economic reform agenda of many countries, including Nigeria. This research explores the role of accountants in the privatization and commercialization process of public enterprises in the Nigerian economy. The study employs a mixed-methods approach, combining qualitative interviews with key stakeholders involved in the privatization process and quantitative analysis of financial data from privatized enterprises. The findings of the study reveal that accountants play a crucial role in the privatization and commercialization process by providing financial analysis, due diligence, valuation services, and financial reporting expertise. Accountants also contribute to the development of financial models, risk assessment, and financial restructuring strategies to enhance the efficiency and profitability of privatized enterprises. Moreover, the study highlights the ethical considerations that accountants need to address in the privatization process, including transparency, accountability, and integrity in financial reporting. The ethical conduct of accountants is essential to build trust among stakeholders and ensure the success of privatization initiatives in the Nigerian economy. The research also underscores the challenges faced by accountants in the privatization process, such as political interference, lack of regulatory frameworks, and resistance from vested interests. Despite these challenges, accountants play a critical role in facilitating the transition of public enterprises to private ownership, driving economic growth, and promoting efficiency in resource allocation. In conclusion, the study emphasizes the importance of accountants in the privatization and commercialization of public enterprises in the Nigerian economy. Accountants serve as key advisors in the privatization process, providing financial expertise, ethical guidance, and strategic insights to enhance the success of privatization initiatives. By addressing the challenges and upholding ethical standards, accountants can contribute to the sustainable development of the Nigerian economy through efficient privatization and commercialization of public enterprises.

Thesis Overview

1.0 INTRODUCTION:The economic recessions changes in the early 80’s to the general decline in public revenue. As a result of this, government appointed several study group to examine their operation with a view to determine the basis for a new funding scheme, operate capital structure as well as incentive measures to enhance their productivity and general efficiency in the face of declining government revenue and expanding demand for social services. This has led to the inauguration of National Council on privatization where the President stated thus, -there are over 1000 State owned enterprises in Nigeria. Many of these enterprises gulp billions of naira without yielding much positive result in terms of consumer’s satisfaction which ought to be the top priority”.1.1 BACKGROUND OF THE STUDY:This project topic emphasizes that the only rational remedy is to reduce the burden through effective privatization and commercialization of the public enterprise, in other to achieve the aim and goals of establishing them and also a programme to cure the inefficiencies and indiscipline in the stated owned enterprise, which will later help in controlling the operation of certain key economic enterprise from the public to the private sector.1.2 OBJECTIVES OF STUDY:The objectives of this research work is to investigate or enquire for the following:(a) the sole of accountants in the privatization and commercialization in Nigeria.(b) To inquire into the reliability of the information supplied by the accountant in the implementation of the exercise.(c) To dig dip into the type of information the accountant supplied in the execution of the programme.1.3 SCOPE AND LIMITATION:Obviously, there are many public enterprise that are stated for privatization and commercialization whether full or partial in each respect.