2004
DOI: 10.3846/16111699.2004.9636083
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Privatization of Public Enterprises in Nigeria: Valuation Issues and Problems

Abstract: Privatization of public enterprises is a rapidly growing phenomenon in developing countries. However, it requires a lot of policy decisions and careful planning, which depend on high‐quality accounting and valuation data. But, the major controversy which trailed the first phase of privatization programmes in Nigeria is the asset valuation methodology. This article therefore examines valuation issues and problems besetting divestiture of public enterprises in the country and offers suggestions toward improving … Show more

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Cited by 4 publications
(2 citation statements)
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“…A decade later, this was replaced by the National Council on Privatisation (NCP), with the Bureau of Public Enterprises (BPE) as its secretariat[13]. Initial privatisations resulted in controversies over the valuation of their assets (Tajudeen, 2004), and a series of other, often severe, failings (Etieyibo, 2013).…”
Section: The Multiple Privatisations Of the State Providermentioning
confidence: 99%
“…A decade later, this was replaced by the National Council on Privatisation (NCP), with the Bureau of Public Enterprises (BPE) as its secretariat[13]. Initial privatisations resulted in controversies over the valuation of their assets (Tajudeen, 2004), and a series of other, often severe, failings (Etieyibo, 2013).…”
Section: The Multiple Privatisations Of the State Providermentioning
confidence: 99%
“…Privatization of essential public utilities has been the trend in developing countries of the World (Tajudeen, 2004). Defined Privatisation as an effort to relieve the disincentives towards efficiency in public sector utilities by subjecting them to activities of the market.…”
Section: Introductionmentioning
confidence: 99%