THE KEY ROLE OF COMMERCIAL BANK IN PRIVATISING PUBLIC ENTERPRISES IN NIGERIA
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THE KEY ROLE OF COMMERCIAL BANK IN PRIVATISING PUBLIC ENTERPRISES IN NIGERIA
ABSTRACT
The aims of this paper on the participation of commercial banks in the privatisation of state enterprises in Nigeria were to investigate commercial banks’ liquidity problems in order to determine whether or not they can give credits to participants in the privatisation initiative.
2. To highlight various ways commercial banks can avoid the experiment, the Nigeria Enterprise Promotion Ijever of 1972 is being implemented.
3. To offer measures to improve form accessibility to remote branches in order to obtain a more random distribution of shares.
4. To investigate the economic responsibility of securing credit for share certificates on commercial banks’ portfolio risk.
Secondary data were solely used in the findings, relevant recommendations, and conclusions established during the investigation.
PROPOSAL
The scheme and aims of this paper on the role of commercial banks in the privatisation of public businesses in Nigeria are as follows.
To diagnose and examine the problem confronting commercial banks in order to determine the potential of allowing them to provide loans to disadvantaged Nigerians as part of the privatisation initiative.
To highlight the potential ways in which commercial banks can advertise the experiment in the implementation of the Nigeria Enterprise Promotion Decree of 1972,
it is intended to carefully examine the economic viability of securing credit and share certificates solely on the commercial banks’ portfolio risk.
STATEMENT OF THE PROBLEM:
Many of Nigeria’s nationalised industries are inefficiently handled by inexperienced and dishonest personnel.
REASONS FOR THE STUDY: The purpose of this study is to evaluate commercial banks’ liquidity problems in order to determine whether or not commercial banks will legitimately give loans to disadvantaged Nigerians in the privatisation plan.
The study’s significance is that it will aid in the anticipated participation of commercial banks in the privatisation of public businesses.
Meaning of privatisation: In the guidance of privation, numerous meanings will be introduced.
Methodology: For the purpose of the study, we propose to obtain secondary data from banks such as Union.
In terms of secondary data, I want to visit libraries, banks, and ask oral questions to obtain firsthand information on the design in question.
INTRODUCTION
CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
Banking in Nigeria began in 1892, with the establishment of the country’s first commercial bank. More commercial banks were established with the assistance of the SAP, or structural adjustment plan, and deregulation.
Commercial banks have made significant contributions to our economy’s privatisation. The term privatisation refers to the process of transferring ownership of government corporations and parastatals to individuals.
Some of the problems that these government enterprises have encountered include insufficient funds to operate them, mismanagement of funds, and so on. As a result, these businesses are being privatised.
Commercial banks, on the other hand, play essential roles in privatisation because the private sector generates funds for running the affairs of such firms through commercial bank credit facilities such as loan overdraft, etc.
Furthermore, commercial banks assist in project monitoring when the private sector takes any credit facility from them, making it difficult for such funds borrowed on the project to be mishandled.
Commercial banks serve as a “pit of blood” for privatisation because when a government firm is close to die out, the private sector seeks funds to save it from extinction when privatised.
Another factor to consider is the capital basis. From every angle, the capital base of a public enterprise is always greater than that of a private enterprise, and as a result, when a public enterprise is privatised into a private enterprise,
such private sector must seek funds from commercial banks to bring the capital base up to the one required for the privatisation as stipulated by the government; indeed, without the existence of commercial banks, the privatisation objectives will be difficult to achieve.
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