PUBLIC ENTERPRISES AND THE CHALLENGES OF NATIONAL ECONOMIC DEVELOPMENT IN NIGERIA

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PUBLIC ENTERPRISES AND THE CHALLENGES OF NATIONAL ECONOMIC DEVELOPMENT IN NIGERIA

Category : Latest Publications

PUBLIC ENTERPRISES AND THE CHALLENGES OF NATIONAL ECONOMIC DEVELOPMENT IN NIGERIA

Ejike, Kenneth Agbiriogu (FCA, FCIT, ACCA)

Department of Management

Faculty of Management Sciences

University of Port Harcourt.

kagbiriogu@gmail.com

Prof. B. C. Onuoha

Department of Management

Faculty of Management Sciences

University of Port Harcourt.

benedict.onuoha@uniport.edu.ng

ABSTRACT

Globally, public enterprises are established to act as the pivot to propel economic and social development in areas of need. While the intention is the same in Nigeria, most public enterprises in the country are bedevilled by myriads of problems which constrain their ability to deliver on their core mandate. This has necessitated the need to critically evaluate public enterprises and the challenges of national economic development in Nigeria. A theoretical approach was adopted to explain the idea of public enterprises, economic development, the challenges bedevilling the sector and possible solutions as a result. It was concluded that the inability of public enterprises to deliver in the areas of their core mandate has negatively impacted on the economic development of the nation, leading to the clamour by the public for the transfer of these enterprises to the private sector for management. To this end, it was considered plausible to advocate for a well-monitored and structured public-private partnership to help government-owned businesses thrive and achieve their original purpose for being set up.

Keywords:       Public Enterprises, Economic Development, Public-Private Partnership


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