PRIVATIZATION OF PUBLIC ENTERPRISES IN NIGERIA AND THE NEGLECT OF GOVERNMENT SOCIAL RESPONSIBILITY
Beetseh, Kwaghga
Library Department
Federal University of Agriculture Makurdi
ABSTRACT
This paper examines privatization of public enterprise; in Nigeria as a neglect of government social responsibility. It also looks at privatization of public enterprises as a violation and abuse of section 16 subsections 2c and 3b of the 1999 constitution which is the fundamental principle of state objective which says the state can owned and control its resources for the benefit of its citizens. This perhaps becomes another thing as the state resources are been controlled by some political cabal known as private sectors. This creates hardship to the poor. Privatization of public enterprises is no longer friendly with the labour as it; introduction lead to mass retrenchment of workers in the public sector previously owned by the government. Privatization of public enterprises in Nigeria has brought poverty, unemployment and human misery to the lives of citizens. This research paper adopts Marxist theory of post colonial state for its analysis.