ABSTRACT
The term privatisation made its incursion into the Nigerian economy only in recent times, especially the 1980s. It generally refers to the sale or lease of assets in which the government has a majority interest. Privatisation can also involve the contracting out of hitherto publicly provided services. In many developing countries, and in particular Nigeria, policies are formulated to stimulate the private sector to take over the provision of various goods and services. This practice is not new; however, the wide range of public sector activities packaged for privatisation, the level of accompanying privatisation policies and the various techniques applied in achieving relevant objectives differentiate current privatisation efforts from previous attempts.
