Published 2025-05-01
Abstract
This paper took a second look at the Nigerian Privatization Programme from the angle of the current World-wide Economic Recession. It gave a detailed analysis of privatization, the role of Washington Consensus, capitalism and the Keynesian theory. At the end, the paper recommended that the government should go into partnership with the private sector as far as enterprises are concerned, as this will bring in dual advantage: the private sector will work hard for profits sharing while the government will ensure the sustenance of the industry for job creation, profit to be plough back into the economy and shielding the sector from abuses which led to its collapse at the international forum. After all, the invisible hand had failed and the visible hand should take over.