Volume 3, Issue 1, June 2011
The Ethics of Government Privatisation in Nigeria
This paper seeks to determine whether or not the divesture of Nigeria’s state-owned enterprises (SOEs) by the Federal Government of Nigeria (FGN) is ethical. Towards this end, it employs an analytic methodology to undertake a conceptual examination of the divesture of Nigeria’s SOEs by the FGN. The paper’s findings are:
(1) A large proportion of the Nigerian citizenry is opposed to its government’s privatization policy.
(2) A conducive socio-economic environment for privatization is lacking in Nigeria.
The paper concludes that although privatization in general may be a “good” policy, it is ethically wrong for the FGN to privatize some (and perhaps most) of its SOEs, given the absence of a conducive socio-economic milieu.