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• INTRODUCTION• CONCEPT OF PRIVATIZATION• EVOLUTION OF PRIVATIZATION IN NIGERIA• SECURING NIGERIA: CONSTITUTIONAL

MANDATE• PRIVATIZING SECURITY?• CHALLENGES & PROSPECTS OF

PRIVATIZING SECURITY • CONCLUSION

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• ENVIRONMENTAL SCANNING OF NIGERIAN ECONOMY

• WHY PRIVATIZATION?• INDEGINIZATION POLICY AS FOUNDATION

OF INDEPENDENCE• MILITARY AND NIGERIAN ECONOMY• PUBLIC ENTERPRISES AND PUBLIC

CORPORATIONS• RECESSION AND SAP• REGIME OF PRIVATIZATION

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• Government and running business• Government have no business doing

business.• Trajectory of government in business in

Nigeria• Privatization as escape route• Privatization and its objectives-government

to concentrate on governance, performance efficiency, decongest the pressure on government treasury, fund raising drive

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• Experience from other climes-public share issue, proportional sale, workforce or management buy off, dilution of public sector,

• No success story to rely on? Spain, Portugal, France, Germany, Turkey

• Attitude as key• World Bank Guidelines for policy makers www.worldbank.org

• Constitutional challenges-Section 16 conundrum• Core investors strategy as panacea?

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• Oil glut as the basis• IMF conditionalities as catalyst• Structural Adjustment Programme (SAP) as

vehicle• Privatization and Commercialization Act as

first step• Gamaliel Onosode Presidential Commission by

President Shagari- real first step-increased role of private sector recommended

• Technical Committee on Privatization and Commercialization (TCPC) led by Dr Hamzah Zayyad-88 of the 111 government enterprises listed for privatization

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• Bureau of Public Enterprises Act established by Decree No.28 of 1993 creating another implementation committee

• Regime of full privatization as against partial by PCA

• Public Enterprises (Privatization and Commercialization) Act, 1999- Gen. Abdulsalam’s own contribution

• Obasanjo’s addition of National Council on Privatization- Imperative of Privatization tirade

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• Essence of government• Security of a nation is key to

development• Sections 217 & 218 of the Constitution• Internal and external aggression

matrix• Citizens buy-in on security• Necessity of abdication of duty?

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• Suicide Mission• Nigerian Project and challenge of

imbalance• The ethnic dimension imbroglio• Religious bigotry and its catastrophic

consequences

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• Privatization ups & downs• Selling commonwealth for private

enclave• Government and business-no meeting

point• Security as a commonwealth• Nobody and all peoples’ affair• Ship in or ship out

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• Regulated Privatization• Corruption as a major disincentive• National Conference and the regime of

recapitulation• Security is the business of government• Current security challenges and the

need for concerted efforts

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THANKS FOR LISTENING

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