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Title page 1 Approval page 2 Certification 3 Dedication 5 Acknowledgement 6 Table of content 7 Abstract 11 CHAPTER ONE 1.0 Introduction 12 1.1 Background of the Study 12 1.2 Statement of problem 16 1.3 Research questions 17 1.4 Objective of the study 18 1.5 Statement of hypothesis 18 8 1.6 Significance of the study 19 1.7 Scope of th

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An assessment of cost performance and accountability-in-privatized-public enterprises-in-nigeria

An assessment of cost performance and accountability-in-privatized-public enterprises-in-nigeria

Title page 1 Approval page 2 Certification 3 Dedication 5 Acknowledgement 6 Table of content 7 Abstract 11

Chapter ONE

INTRODUCTION

1.0Introduction 12
1.1Background of the Study 12
1.2Statement of problem 16
1.3Research questions 17
1.4Objective of the study 18
1.5Statement of hypothesis 18 8
1.6Significance of the study 19
1.7Scope of the study 20
1.8Limitation of the study 20
1.9Definition of key terms 21

Chapter TWO

LITERATURE REVIEW

2.0Introduction 24
2.1Literature review 24
2.2The nature and concept of public enterprises 24
2.3Performance of public enterprises in Nigeria 28
2.4Problems of public enterprises in Nigeria 35
2.5Public enterprises privatization in Nigeria 41
2.6Concept of privatization 52
2.7Types of privatization 55 REFERENCES 57

Chapter THREE

RESEARCH METHODOLOGY

3.0Introduction 59
3.1Research Questions 59
3.2Source of Data 60 9 3.
2.1Primary source of data 60 3.
2.2Secondary source of data 60
3.3Area of Study 61
3.4Population of the study 61 3.
4.1Sampling design and technique 61
3.5Instrument of data collection 63
3.6Reliability of the test Instrument 63
3.7Validity of the research instrument 63
3.8Method of data Analysis 64

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

4.0Analysis of data and testing of hypothesis 66
4.1Data presentation and analysis 66
4.2Test of hypothesis 73
4.3Tabulating the result 84 10

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.0Summary, Conclusion and Recommendation 86
5.1Summary 86
5.2Conclusion 87
5.3Recommendation 88 BIBLIOGRAPHY 90 APPENDIX I 93 APPENDIX II 94 11

Project Abstract

Despite an impressive level of privatization activity across Africa and the upsurge in search of the operating performance of privatized firms in both develop and developing economies, our empirical knowledge of the privatization program in Africa is limited. The purpose of this study is to appraise the post privatization cost and operating performance as well as accountability of some privatized public enterprises in Nigeria. A survey research design was adopted for the study, sixty five internal audit and thirty five accounting.Totally one hundred was randomly sampled and stratified among the staff of Oando plc Enugu state. Three research questions and hypothesis tested at 0.05 percent level of significance guided the study. Frequencies, percentages, mean and standard deviation were employed to answer the research questions while Z-test statistics were used to test the hypothesis. It was found that privatization of unipetrol has led to efficient and improved cost performance, and proper accountability to share holders. We conclude and recommend among others that effective cost performance and proper accountability to share holders is very necessary in privatized public enterprises and that government should prive the entire necessary enabling environment for the privatized company to carry out their activities without unnecessarily increasing their cost. 12

Project Overview

INTRODUCTION1.1 Background of the Study Privatization of state-owned enterprises has become an important phenomenon in both developed and developing countries. Over the last decade, state-owned enterprises (SOEs) have been privatized at an increasing rate, particularly in developing countries (DCs). Privatization has become an important phenomenon in both developed and developing countries. Over the past decade, privatization attempts have been occurring at an increasing rate, especially in developing countries. The compound annual average growth rate was around 10% between 1990 and 2000, with global privatization revenues jumping from $25 billion in 1990 to $200 billion in 2000. The number of countries that have implemented privatization policies has exceeded 110, not to mention that privatization has touched almost every aspect of economic activity (Shadeh, 2002).

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