Privatization and Economic Performance: Evidence from Nigeria (1990–2010)

Abstract

Does privatization of state–owned enterprises result in economic performance? This paper seeks to evaluate theoretically and empirically the impact of privatization on economic growth in Nigeria. Using error correlation model (ECM), it was discovered that privatization has not impacted positively on economic growth in Nigeria, and this was blamed on a lot of factors like political instability and inadequacy of the past policies to achieve good result. Therefore, we recommended that it will be highly necessary to create a supportive enabling environment if we must achieve growth.