National Council on Privatisation
Encyclopedia
The National Council on Privatization (NCP) is a think tank
sponsored by the Nigerian government to determine the political, economic and social objectives of the privatization and commercialization of Nigeria's public enterprises.
Major roads in Nigeria
are posted with billboards sponsored by the National Council on Privatisation saying that " the people benefit as the nation privatises".
In Great Britain, experience with the privatization of the British Railway is now generally acknowledged to be a miserable one. Very commonly avoidable disasters regularly occur; the new owners care less to maintain facilities required for adequate security against accidents, promptness of trains at the stations, among others.
In Nigeria, there have been some pockets of opposition to the on-going privatization process. Workers of some of the affected companies are rearing opposition to the privatization. This especially includes the NITEL
and NEPA
employees.
Think tank
A think tank is an organization that conducts research and engages in advocacy in areas such as social policy, political strategy, economics, military, and technology issues. Most think tanks are non-profit organizations, which some countries such as the United States and Canada provide with tax...
sponsored by the Nigerian government to determine the political, economic and social objectives of the privatization and commercialization of Nigeria's public enterprises.
Major roads in Nigeria
Nigeria
Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...
are posted with billboards sponsored by the National Council on Privatisation saying that " the people benefit as the nation privatises".
In Great Britain, experience with the privatization of the British Railway is now generally acknowledged to be a miserable one. Very commonly avoidable disasters regularly occur; the new owners care less to maintain facilities required for adequate security against accidents, promptness of trains at the stations, among others.
In Nigeria, there have been some pockets of opposition to the on-going privatization process. Workers of some of the affected companies are rearing opposition to the privatization. This especially includes the NITEL
NITEL
Nigerian Telecommunications Limited, or NITEL, is the principal telecommunications company in Nigeria, and was owned by the government of Nigeria until it was sold to Mtel by the Bureau of Public Enterprises...
and NEPA
Nepa
Nepa is a village development committee in Dailekh District in the Bheri Zone of western-central Nepal. At the time of the 1991 Nepal census it had a population of 3621 people living in 739 individual households.-External links:*...
employees.
Functions
- Approve policies on privatization and commercialization.
- Approve guidelines and criteria for valuation of public enterprises for privatization and choice of strategic investors.
- Approve public enterprises to privatized or commercialized.
- Approve the prices of shares or assets of the public enterprises to be offered for sale.
- Approve the appointment of privatization advisors and consultants.