ABSTRACT
Nigeria's large public enterprise sector has been under a series of reform measures over the last quarter of a century. However, it is widely alleged that it is ‘without exception…infested with problems such as confused and conflicting missions, political interference in operating decisions, misuse of monopoly powers, defective capital structures, bureaucratic redtapism in their relations with supervising ministries, mismanagement, corruption and nepotism’ 1 And public enterprises, on the whole, have been a source of financial difficulty for the public exchequer.
