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In search of a blueprint for the privatization of Nigeria’s oil refineriesThe present Nigerian administration has taken the decision to privatize the country’s refineries.The announcement,made through the Ministry of Petroleum Resources in November,begs the question,“Is privatization the answer?”Perhaps yes,perhaps no.Globally,over 130 countries have privatized tens of thousands of firms between 1990 and2010.Supporters of the process insist that privatization leads to improved firm performance and therefore increased economic welfare.
In search of a blueprint for the privatization of Nigeria’s oil refineriesThe present Nigerian administration has taken the decision to privatize the country’s refineries.The announcement, made through the Ministry of Petroleum Resources in November, begs the question, “Is privatization the answer? ”Perhaps yes, perhaps no. Globally, over 130 countries have privatized tens of thousands of firms between 1990 and 2010 .Supporters of the process insist that privatization leads to improved firm performance and therefore increased economic welfare."