A critical evaluation of their performance kenobi krukru term paper business economics economic policy publish your bachelors or masters thesis, dissertation, term paper or essay. One of the main differences between a public corporation and a public limited company is geographical. It is an artificial person with the flexibility of the private sector and the powers of the government. In addition, privatization of public enterprises is being pursued with scant regard to the laws of the country. This is a comprehensive, overarching definition, putting within public enterprise sector every conceivable feature of public enterprise, hence adopted for this paper. The growth of public enterprises in nigeria came against the background of sudden windfall from the oil sector. It is generally not subject to budget, accounting and audit controls applicable to the government department and thus, public corporation is at freedom to utilise its funds. In other words, use of official position, rank or status by an office bearer for his personal benefit constitutes corruption. The tax money comes from property, income, and profits.
Therefore, corruption, which has come to survive despite all efforts at curbing it, this is at the center of our discourse. A reflection on public enterprise sector in nigeria adam adem anyebe department of public administration, ahmadu bello university, zaria, nigeria abstract a great deal of comments have been made on the controversies surrounding the existence of public enterprise in nigeria that there is the need to have a reflection on the sector. In britain, the nationalised industries took over enterprises. The study revealed that public enterprise sector in nigeria is characterized by poor performance, mainly as a result of political interference and corruption. Problems and prospects of public administration in nigeria.
The primary objective of public corporation is to ensure the provision of essential services to the member of the public example of public corporation in nigeria. Managing the challenges of public enterprises in nigeria and the privatization option okeke. Meaning, characteristics and advantages of public corporations. Public corporations companies in nigeria including lagos, abuja, benin city, calabar, ibadan, and more. It was also considered expedient at that time as nigeria was evolving from british suzerainty and needed to provide infrastructure for her fast growing population and as an impetus for civilization. Public corporation is wholly owned by the government and the entire equity capital is held in the name of the government. If yes, it is to be classified as public corporation in s. A public corporation is that form of public enterprise which is created as an autonomous unit, by a special act of the parliament or the state legislature. The complete list of listed companies on the nigerian stock exchange as of jan 1, 2020 are shown below.
This paper examines the functions of public service and the code of conduct for. Public enterprises privatisation and commercialisation act arrangement of sections part i privatisation and commercialisation of public enterprises section 1. Public corporation is defined as a large scale business organization that is set up, owned and financed by the government of a country with the aim of providing services to the member of the public. A public corporation is a corporate body created by the special act of the parliament. The provision of rail lines was not for the infrastructural development. Asset management corporation of nigeria amcon social security administration of nigeria ssa budget office of the federation bof bureau of public enterprises bpe bureau of public procurement bpp central bank of nigeria cbn corporate affairs commission cac debt management office dmo. In his previous position as group managing director of the nigerian national petroleum corporation nnpc, current minister of state for petroleum. Such an organisation is a statutory body to serve the general public. Public sector nigeria list of nigeria public sector companies. Let us look at public corporation from a contemporary perspective. Michael2 abstract from the age long decision of house of lords in the case in salomon v. Pdf public private partnership in housing delivery in. One of the motivating factors for establishing public enterprises in nigeria is to facilitate social and economic development in sectors that are not considered. In nigeria and other developing countries, sustainable access to healthcare and other socioeconomic services and products can be accomplished through publicprivate partnerships, where the government delivers the minimum standard of services, products and or care, the private sector brings skills and core competencies, while donors and.
The nigerian railway corporation was probably the first major example of public sector enterprise in nigeria. The establishment of the centre arose from the need to effectively coordinate capacity building, learning and development activities but more importantly, with a. Meaning of public corporation public corporation is defined as a large scale business organization that is set up, owned and financed by the government of a country with the aim of providing services to the member of the public. Examples are the power holding company nigeria phcn, nigerian ports plc, nigerian railway corporation nrc, state water corporations. The major objective of a public corporation is to provide. The objective of the paper is to introduce a discussion on policy making and policy implementation in nigeria. Corruption and public accountability in the nigerian. Types of companies in nigeria company limited by shares. A reflection on public enterprise sector in nigeria. List of public sector companies and services in nigeria. The public corporation is managed and controlled by the a individual b the workers c the tax payers d government.
Public corporations companies in nigeria add your free listing. In nigeria and other developing countries, sustainable access to healthcare and other socioeconomic services and products can be accomplished through public private partnerships, where the government delivers the minimum standard of services, products and or care, the private sector brings skills and core competencies, while donors and. The corporation for public brodcasting i mean like 19671970 would be 3 years after 1967 or you could be blown up in world war ii shares of public. Analysis of the success of public enterprises in nigeria scholarworks. The establishment of the centre arose from the need to effectively coordinate capacity building, learning and development activities but more importantly, with a view to promoting excellence in public service delivery.
Analysis of the performance of public enterprises in nigeria. Department of public administration and local government, university of nigeria, nsukka. Expectations for efficient nigerian public enterprises have. Another main difference is that public corporations in the u. The public service staff development centre pssdc was established by the lagos state government in 1994. The complete list of listed companies on the nigerian stock exchange in excel format related links. Public sector restructuring and governance in nigeria. Public corporation is a body corporate created by an act of parliament or legislature. Is the public institutional unit market or nonmarket. Establishment and constitution of the corporation 4. The role of public finance in nigeria is to collect taxes from citizens. A public corporation objective is to a make profit b exploit consumers c to render essential service to the public d to get more customers. Deputy director, public relations nigerian railway corporation ebutemetta, lagos nigeria. Some public enterprises are placed under public ownership because, for social reasons, it is thought the service or product should be provided by a state monopoly.
Power is concentrated in the presidency, and much inside output comes from the president and his cabinet ministers through channels established by patronclientelism. This study was carried out among 297 employees of the nigerian railway corporation nrc. There are many businesses that were created in india by the government in the form of a service organization, including. At first, it was meant to satisfy the yearnings of colonial government in its unrepentant exploitation and exportation of nigerian resources. The corporations usually have considerable autonomy in shaping their policies. Public corporation can also be called public enterprise or statutory corporation which is run by the government through the money generated from the tax paid by the people. The share of government in the economy is unduly large since consolidated government expenditures rose from 29% of gdp in.
Secondly, the antecedents of the nigerian public corporations are quite different from the british. Public sector nigeria list of nigeria public sector. This paper recommends an effective rationalization exercise to. Publicprivate partnerships and nigerias development. Methodology the paper adopts qualitative research design to gain an insight into corruption in nigeria public sector. Therefore, corrupt behavior would include, bribery, fraud, stealing the public resources, partiality, favoritism, seizure of public assets for private use etc. Corruption and public accountability in the nigerian public.
Asked in accepting credit cards, netherlands, nigeria. This analytical paper examines the challenges of public corporation from the nigeria perspective. Public administration simply refers to the methods, processes and mechanisms put in place in the implementation of government policies. Public corporations are governmentowned establishments and enterprises established through the acts of parliament or statutes, decrees or edicts to provideessential social and welfare services to the people.
It is contrary to the current day practice of public corporation. For instance, attempts were made to privatize nepa when the law that sets it up prohibits private ownership of electric company in. A reflection on public enterprise sector in nigeria international. Features of public enterprise the features of public enterprise include creation by a statute or law, ownership by the general public, it can. The need to make nigerian public enterprises work iosr journal. An evaluation of the collapse of institutional measures and codes of conduct puts in place to ensure high standard of behavior, using institu. Public policy nigerias years of military rule resulted in a topdown policymaking process. A corporation may be a form of private limited liability company or public limited liability company plc. Read this article to learn about the meaning, features, advantages and limitations of public corporation.
To send a clear message to the local and international community that a new transparent nigeria is now open for business to restructure and nationalize the public sector in order to substantially reduce the dominance of unproductive government investment in the sector. Since 2015 the government of nigeria has made several public commitments to publish petroleum contracts. Pdf this study examined the impact of public debt on economic development of nigeria using annual time series data spanning 1986 to 2014. Asset management corporation of nigeria amcon social security administration of nigeria ssa budget office of the federation bof bureau of public enterprises bpe bureau of public procurement bpp central bank of nigeria. The public sector, represent the realm where the government operates for the benefits of the citizenry. Despite many advantages, public corporations suffer. Public private partnership in housing delivery in lagos state, nigeria. Such act defines the power, duties, privileges and. In india, a public corporation is a business thats created by the legislature or an act of parliament, and its name is notified in the official gazette of the state or central government. The negligence of public policy is at the peril of any state or organisation and this is because it is through public policy that the needs of the citizens and problems of any society is been taken care of. Nigeria is a fragment abuse of this provision of the constitution. Privatization and commercialization of nigerian national petroleum corporation oil refineries in nigeria. Lecturer, faculty of law, usmanu danfodiyo, sokoto nigeria abstract.
Nigerian railway corporation act 2004 laws of nigeria. The manager, abuja kaduna train services abuja kaduna railway modernisation project office idu industrial area, idu fct nigeria. This paper examines the nigerian public enterprises and attempts expatiations on the status of its performance from the standpoint of modern organisation theory. It is controlled by board of directors appointed by the government. Pdf the impact of public debt on economic development of. Public service in nigeria an overview of functions and code of conduct junaidu bello marshall, esq. Its name is notified in the official gazette of the central or state government. Examples are the power holding company nigeria phcn, nigerian ports plc, nigerian railway corporation nrc, state water corporations, state transport corporations and stateowned. Despite many advantages, public corporations suffer from the following limitations or weaknesses. Establishment and incorporation of the nigerian railway corporation 1 as soon as may be, after the commencement of this act, there shall be established, a corporation to be known as the nigerian railway corporation in this act referenced to as the corporation.
Lecturer, faculty of law, usmanu danfodiyo university, sokoto nigeria aminu m. I department of business administration, chukwuemeka odumegwu ojukwu university igbariam campus, anambra state, nigeria abstract one of the motivating factors for establishing public enterprises in nigeria is to. Whereas public corporations are established by particular decree, stateowned companies are established under the companies. Does the public unit dispose of all or most of its output at economically significant prices. Rather than privatization, there should be a restructuring of the economic order to encourage a healthy competition between the public corporations and private. The case for publishing petroleum contracts in nigeria. Nigeria is a federal republic in west africa, bordering benin in the west, chad and cameroon in the east, and niger in the north. Privatization and commercialization of nigerian national.
1164 1106 872 292 1647 1206 844 864 1111 1089 734 1419 155 477 444 153 574 129 1061 1151 400 1584 874 1436 825 854 687 888 554 377 1172 1012 735 474 720 258 1047 823 1371 99