The Effect of Privatization of Government Oganization on National Developing Economy (a Case Study of Bedc, Edo State)

ABSTRACT
The study was to identify the problems of privatization of THE EFFECT OF PRIVATIZATION OF GOVERNMENT ORGANIZATION ON NATIONAL DEVELOPING ECONOMY with reference TO BEDC, EDO STATE However, to necessitate a measure against this problem, this study becomes very important. In this study, FOUR research questions were raised. They include, What impact does the privatization have on government owned institutions in Nigeria, Why did government embark on privatization of their own institutions in Nigeria, To what extent does privatization proffer solution to the problems associated with government owned institutions in Nigeria, What are the problems militating against government owned institutions in Nigeria? questionnaire were used as the primary method of data collection. Three hypotheses acted as a guide in this work and were accepted or rejected. The majority views and minority views were also recorded. In this regard, more than a single person shared the same opinion in various issues. Also, some findings were made in this research. They include, political interferences which form the major problem of privatization of NigerA institutions. Some recommendations where made in the work they include: The Need for more investors with technical expertise to come into the industry. This will ensure that better service is rendered to consumers at affordable rates, government should make sure that, before granting the license, they should screen and select competent people, not those of questionable character, who will manage the private enterprises.Also these Enterprises should also avoid engaging in corrupt practices,The retrenched staff of PHCN with technical expertise needs to be re-engaged back into the service. This will go a long way in alleviating the suffering of the retrenched staff. The Nigeria Electricity Regulatory Commission (NERC) need to regulate the activities of the new companies to ensure that better services are rendered to power consumers.