Pdf over the years, public enterprises have been adjudged to be a critical prerequisite for the development of any nation. Impact of marketing strategy on business performance a. A survey of selected small scale enterprises in ikosiketu council development area of lagos state, nigeria obiwuru timothy c. Public enterprises as a form of business organisation have gained importance only in recent times. Nothing can be done without the permission of government. Impact of effective internal audit functions on public sector. Performance of public enterprises in nigeria and the privatization. The specific indicators examined are profitability, productive efficiency, employment, capital investment, output, prices and taxes. Performance evaluation for public enterprises english the. The history of public enterprises in the usa dates back in the nineteenth century and was characterized by the state chartered banks in which the federal government has significant portion of the stocks. Definitions of public enterprise generally speaking, public enterprise has two dimensions public dimension which usually refers to public. Meaning of public service the meaning of pubic service is contained in section 277 91 of the constitution of the federal republic of nigeria of 1979 now section 169 of the 1999 constitution as encompassing the civil. A reflection on public enterprise sector in nigeria international. Get free research paper on impact of privatization policy on the performance of public sector organizations in nigeria.
Assessment of the performance of public enterprise in nigeria. Esu and inyang 2009 state that from the late 19 th century, the system of state enterprises begun in 1898 when the british colonial administration undertook the railway transport. Research4 suggests that there is a wide range of legal forms for soes, depending on factors such as. The growth of public enterprises in nigeria came against the background of sudden windfall from the oil sector in the 1970s. Public sector is the sector under government control funded by the tax paying public and for the benefit of the nation. A case for performance management in the public sector in nigeria. Issues, challenges and prospects of small and medium scale. Department of actuarial science university of lagos, nigeria okwu, andy t. Public and private schools how management and funding relate. Driver et al 2001 suggests that the link of smes performance and economic growth remains complex, and. Pdf performance of public enterprises in nigeria and the. Performance appraisal and public sector performance in. The development strategy at that time took a different shape.
Pdf analysis of the performance of public enterprises in nigeria. The formation of the panama rail road company in 1904 was another victory of the public enterprise system. The role of sme firm performance in nigeria eniola, anthony abiodun. The study covered 54 quoted private companies in nigeria for a 5year period ranging between 20 and 2017. The study adopted a survey research design and employed a stratified random simple sampling. An assessment of the performance of public enterprise sector in. Small enterprises in ghana are said to be a characteristic feature of the production landscape and have been noted to provide about 85% of manufacturing employment of. The policy and performance are discussed in parliament. Research objectives the research objectives are as follows. It foc es on managing the indiv id l and work environment in sh a manner that an individ lteam can achieve set organizational goals. The effect of globalization on the performance of small and medium sized enterprises in the united states. Public enterprises in nigeria are set up to perform some roles and objectives in the society which are presumably assumed to be inappropriate for the private sector to handle. Oct 03, 2014 analysis of the performance of public enterprises in nigeria 1. Nigeria was no exception in terms of the belief that the state and public enterprises have a role to play in the countrys development efforts.
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. The importance, how to, effect causes relationship, comparison, history, role, solutions are discussed. Government also passed a privatization policy during ndp 8, which resulted in the creation of the public enterprises. Performance of public enterprises in nigeria and the privatization option. Generally speaking, the performance of public enterprises in nigeria over the years. Performance of public enterprises in nigeria and the privatization option article pdf available march 2014 with 3,598 reads how we measure reads. Performance management is a tool which focuses on managing the individual. It argues that nigeria has basic legislations for regulation the code of. Evidence from studies show that when the public and private. Impact of marketing strategy on business performance a study.
Pdf the impact of privatization on the performance of. Prior to our independence, we had essential services like railways, telephone, posts and telegraphs, ordnance, port trusts etc. This study, therefore, attempted to reflect on the performance of the public enterprise sector and the reasons for scaling it down. Goal setting and performance appraisal in nigerian public. Commercialization and privatization policy in nigeria. Performance evaluation for public enterprises english abstract.
Pdf public enterprises are created in all countries of the world to accelerate economic and social development. Analysis of the performance of public enterprises in nigeria 1. Privatization and commercialization of nigerian national. Against, the background of the above explication, this research work empirically explored into the management of public enterprises in nigeria with a particular reference to nigeria television. Autonomy issues in nigeria, the phenomenon of external control or interference rarely ever escapes mention in studies and writings on public enterprises. Before going into the types of public enterprises in nigeria, its good to know that public enterprises. Therefore, this study sought to evaluate the factors affecting the performance of smes in the jua kali sector in nakuru town. What are the problems of nigeria enterprises answers. They are the most widely use form of organization under public enterprise. Abstract the research work titled, the effects of privatization on public enterprises in nigeria, has revealed that over two decades old privatization of public enterprises in nigeria since 1988 had significant positive effects on the economy and the polity in the first place. Performance management is a new concept in human resource management. Public enterprises are autonomous or semiautonomous corporations and companies established, owned and controlled by the state and engaged in industrial and commercial activities. An empirical study of nigerian national petroleum corporation nnpc article pdf available january 2014 with 1,450 reads.
Effect of globalization on small and medium enterprises smes. Public enterprises are created in all countries of the world to accelerate economic and social development. Motivation and effective performance of academic staff in. The public sector in nigeria has suffered setbacks which are largely attributed to ineffective and inefficient management. Performance appraisal and public service performance in nigeria the paper examines the nigerian public service, otherwise referred to as the civil service. Political instability on the performance of public enterprises can be said to be a frequent change in the style of leadership of the nation as a whole and that of the board of directions. Unresolved challenges and new opportunities cover designed by the graphic design unit outreach division united nations department of public information isbn 9211231700 sales no. This is because hardly any senior official in a public enterprise. The major findings of this study include the following. The public enterprises reform was an integral part of the structural adjustment programme sap in 1986. Bureaucracy and efficiency in nigerian public enterprise includes abstract and chapter one, complete project material available bureaucracy and efficiency in nigerian public enterprise.
E 2 1 department of public administration, federal polytechnic bida niger state, nigeria. Performance evaluation is not a simple task in private enterprises and it is all the more complicated in public enterprises. This stimulated the tempo of public sector intervention in the economic development process. Performance appraisal is a strategic tool necessary for the growth, survival, and success of any organization. Public sector performance score for ue countries pspue, which represents the objective of the current work, aims to quantify and present the real situation in terms of public sector performance.
Pdf a case for performance management in the public sector. Analysis of the performance of public enterprises in nigeria. Its main objective is to ascertain the extent to which effective internal audit functions could be. This paper examines the nigerian public enterprises and attempts expatiations on the status of its performance from the standpoint of modern organisation theory.
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. But over time their performance declined and invariably led for calls for their privatization. Nigeria in each year a report on the activities of the council and the bureau. Pdf an analysis of the poor performance of state owned. The performance of smes plays a major role, but there is a dearth of literature about their contribution which are not well. Despite the fact that management by objectives mbo has become an integral part of the managerial process, most public enterprises in nigeria do not allow subordinates to mutually set goals with their superior. Administration is of importance for another reason too. Theory and practice page 7 public administration is the machinery used by the service state to place itself in a position to make plans and programmes that can carried out, and to carry out the plans and programmes it has made. Nigeria journal of international affairs, 321, 3245. This work was prompted by the research desire to find o how performance management system can enhan ce the performance of staff of public enterprises in nigeria. An analysis of the poor performance of state owned enterprises in africa. Under public corporation act 1961, statutory companies or public corporation are established.
Generally speaking, the performance of public enterprises in nigeria over the years has been abysmal and marred by gross inefficiency. The performance and survival of smes depends on the favorable policy that can drive and develop the sme in nigeria. Privatization and enterprise performance in nigeria. To determine whether poor financing constitute a major challenge in the performance of smes in portharcourt city.
In the words of ogunna 1999, the poor performance of public enterprises in nigeria can be approached from the perspective of inadequate financial and material resources, poor management, corruption and lack of continuity of public corporation boards. Public enterprises, performance, privatization, commercialization, reform. Nigeria, which is regarded as the grund norm and which creates the public service, there is also the revised public service rules, 2006 for the public servants to obey and follow. Yet, increasing evidence indicates that most public enterprises either do not contribute strongly to national development or do not perform their public service functions effectively and efficiently, leading to policymakers engaging in continuing debates over whether or not stateowned.
The legal framework, for the program is the public enterprises privatization and commercialization act and it consists of the vice president as chairman, the minister of finance as vice chairman. The performance of public enterprises in nigeria was assessed on two issues autonomy issues and return on investment. Goal setting and performance appraisal in nigerian public enterprises. Factors affecting the performance of small and medium. In nigeria, if economic success had followed, the public enterprise sector would have been lauded. In the words of ogunna 1999, the poor performance of public enterprises in nigeria can be approached from the perspective of inadequate financial and material resources, poor management. The study examined the impact of ifrs adoption on the performance of private sector enterprises in nigeria. This study appraises the postprivatization performance of some privatized enterprises in nigeria.
Nigeria, has revealed that over two decades old privatization of public enterprises in nigeria since 1988 had significant positive effects on the economy and the polity in the first place. It focuses on the development and performance of nigeria s public enterprises, the nature and objectives of the program, its theoretical framework, and some concerns that. An assessment of the performance of public enterprise. A reflection on public enterprise sector in nigeria. In nigeria the performance of staff of executing agencies or public enterprises is limited to budget monitoring and annual performance evaluation. On the side of the nation, government of nigeria was divided into three tiers, the federal government, state government and the local government.
Primary data was collected from 262 study respondents using. The study sought to ascertain the role of public enterprises in improving the standard of living in nigeria, to determine the nature of the relationship between public enterprises and employment generation, to ascertain challenges encounter by public enterprises in contributing to national development. Public corporations are establishments and enterprises that are government owned and run that came into being through acts of parliament or statutes, decrees or edicts to provide essential social and welfare services to the citizens of the country. Types of public enterprises management notes tyrocity. As well as the name, the definition of soes also often varies across countries. Performance of small and medium enterprises smes in bauchi metropolis, nigeria mohammed ibrahim department of accounting, gombe state university, p. But there was policy departure with the advent of democracy in nigeria in 1999 as the federal government embraced. Corresponding author department of economics, banking and finance.
It is based on the foregoing that this study dwelt on the impact of job satisfaction on employee performance with special emphasis on government owned enterprises in nigeria. Privatizationcommercialization of stateowned enterprises. Actual measurement of performance should be based on returns on assets and labour productivity. Effects of political instability on the performances of. Goal settings are embedded in performance appraisal through the technique of management by objective. The impact of privatization on the performance of public enterprises in nigeria. Unresolved challenges and new opportunities this publication features the papers. The government in conjunction with the private sector, mostly foreign, was directly involved in areas ranging from the production of food stuffs to assembling cars.
An assessment of the performance of public enterprise in nigeria a case study of nitel 1985 2008 an assessment of the performance of public enterprise in nigeria a case study of nitel 1985 2008 abstract it is because of social issues like economic inequalities, unemployment that made the state to interfere in economy of nigeria. Essay on public sector enterprises reasons for their failure. Smes play a key role in the informal sector in nigeria. A critical evaluation of their performance course public administration grade 2. The study measures the change in any given indicator of performance by comparing its average value five. The level of government that owns the enterprise centralfederal, stateregional or local. Challenges and opportunities by teresa curristine, zsuzsanna lonti and isabelle joumard this article examines key institutional drivers that may contribute to improving public sector efficiency and focuses on one of them in more detail. Background to globalization and africas economic development. During twentieth century various governments started participating in industrial and commercial. Analysis of the performance of public enterprises in nigeria ogohi. Title page the impact of job satisfaction on employee. One of the inheritances of nigeria from her colonial masters is an extensive public sector. Nevertheless, public enterprises are in dilemma of some management constraints, which tend to hinder their goals and objectives.
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