PUBLIC PRIVATE PARTNERSHIP IN THE MANAGEMENT OF GOVERNMENT OWNED TOURIST ASSET

PUBLIC PRIVATE PARTNERSHIP IN THE MANAGEMENT OF GOVERNMENT OWNED TOURIST ASSET

CHAPTER ONE

INTRODUCTION

1.1 Background of the Study

The private sector was the traditional structure of the world’s economies. The pre-colonial Nigerian economy was private sector based. The public sector emerged in Nigeria during the colonial era as a result of the need to harness rationally, the available scarce resources to produce goods and services for economic improvement as well as for the enhancement of the citizen’s welfare. The involvement of the public sector in the Nigerian economy became significant during the period after independence. Government owned enterprises, also known as public enterprises refers to all organizations, usually owned and operated by the state and usually undertake the production of basic goods and rendering of essential services to the members of the public. According to Efang (1987), public enterprises refers to any institution or organization which is fully owned by the state or in which the state holds a majority interest, and whose activities are of business in nature and which provides services or produces goods and have its own distinct management. Obadan (2000) however stated that public enterprises are organizations whose primary functions is the production and sale of goods and services and in which government or other government controlled agencies have an ownership stake that is sufficient enough to ensure control over the enterprises regardless of how effectively that control is exercised. The railways were probably the first major example of public sector enterprises in Nigeria. At first, conceived mainly in terms of the colonial strategic and administrative needs, they quickly acquired the status of a welcomed economic utility for transporting the goods of international commerce like cocoa, groundnuts, and palm kernel. The colonial administration was the nucleus of necessary economic and social infrastructural facilities that private enterprises could not provide. Facilities included the railways, roads, bridges, electricity, ports and harbors, water projects and telecommunications. Social services like education and health were substantially left in the hands of the Christian missions. But even at this initial stage, government itself moved positively into some of the direct productive sectors of the economy: the stone quarry at Aro, the colliery at Udi and the saw mills and furniture factory at Ijaro, these were the early stages (Nwoye, 2010).

The basic reason for the establishment of public enterprises in all economies has been to propel all round development. Reflecting on Turkey, Mexico, India and Nigeria, Hanson (1972) noted that the establishment of public enterprises is premised on what he considered as obstacles to economic development in the post independence states. It is also very instructive to note that in Nigeria like many developing countries, public enterprises are used as employers of last resort. The major factor that accelerated the growth of the Nigeria public enterprises was the indigenization policy of 1972 enacted as the Nigerian Enterprise Promotion Decree. It was designed to control the commanding heights of the economy.

PUBLIC PRIVATE PARTNERSHIP IN THE MANAGEMENT OF GOVERNMENT OWNED TOURIST ASSET

Chapters: 1 - 5
Delivery: Email

Number of Pages: 75

Price: 3000 NGN

In Stock

Buy the Complete Material Now