Entries on Entrepreneurship
The issue of appropriate pricing of petroleum products and the removal of government’s subsidy on petroleum price became a thorny controversial public policy issue.
An experimental study to determine the feasibility of using nocturnally cooled water for space cooling is presented.
PREFACE The book “Public Enterprises Management in Nigerian” has three parts with twenty-two chapters. In part, one we have defined the concept public enterprises, the origin of Public Enterprises, the justifications, objectives and reasons for the creation of public enterprises are enumerated and the criteria for identifying public enterprises were equally addressed. This part also discussed the classification of Public Enterprises based on Functions and Objectives. The Second part presents a brief history of public enterprises in Nigeria. We also discussed and drew the organisation structure of public enterprises; listed the sources of finance, staffing, control and accountability of public enterprises. Also we contend that the control functions of the key actors in the evaluation of public enterprises performance; enumerated performance measures of public enterprises and the problems of public enterprises in Sub Saharan Africa. This part concludes by positing that the success of public enterprises depends on the strict application of management principles and practices. There is no short cut to efficiency and effectiveness. The resort to sale of public enterprises confirms the fact that inefficient management cannot produce the desired results. The problems of public enterprises in Sub Saharan Africa should be addressed as a means of improving their performance. The concept of public enterprises as a developmental strategy cannot be overruled. However, the management of these enterprises in Sub Saharan Africa and in Nigeria in particular leaves much to be desired. The success of public enterprises in Nigeria is a function of the will of government. Part 3 exposes the student to the concept of privatization and commercialization of public enterprises. The forms, strategies, objectives, legal and institutional framework of privatization and commercialization are discussed. The reasons for the privatization and commercialization of public enterprises among which are poor performance of these enterprises are highlighted. This part also discusses privatization of public enterprises in the Sub Saharan Africa in general and Nigeria in particular. It listed the factors that led to the emergence of privatization; enumerated the modalities for privatization; listed and discussed the different types of privatization as well as explained the problems of privatization in Nigeria.
This book, intended to serve the needs of young Nigerians preparing to the course on Ordinary and National Diplomas, Master and Bachelor of Science Degrees in Nigeria Universities and other Higher Institutions of learning, provides an informed introduction to Comparative Local Government. It suggests a new approach to the study of this subject matter. Instead of recounting the definition, justifications and classification of Comparative Local Government in Nigeria, it sets out to describe and analyse what is happening within Local government system and the issues of principles involved in these happenings within a framework. Many works have so far been produced that have endevoured to explain the whole gamut of Comparative Local Government and their reforms. To our regret, due to the dearth of complete information, particularly the current changes going on in their reforms in post-colonial societies like ours, such accounts have been widely off the mark. The best of them contain serious gaps and have proved not entirely useful in arriving at the truth. Eme, Okechukwu Innocent and Okoroafor’s account in this book, a long overdue work, provides the most authentic analysis and explanations of the Nigeria’s socio-economic and political environment under which Local Government was established, managed and reformed. It is significantly against this background, that the authors, Eme, O.I. and Okoroafor was able to thematically explore the genesis of Local Government and its concomitant mismanagement and reforms from colonial epoch to contemporary era. Hence, the authors through the chapterisation of the book delved into explaining to the readers how the current crisis in Local Government in Nigeria have come to bear by looking at the political economy of Nigeria during the colonial, independent and post-independent epochs. The authors in their systematic and pragmatic approach was able to show that corruption and mismanagement of Nigeria’s common wealth was part and parcel of colonial legacies bequeathed to the post-independence Nigeria socio-economic and political managers who were never groomed to pilot the affairs of state in line with the general global best practices thereby continued in the way the colonial forces handed them the mantle of leadership. Obviously, the book provides practical guides on the nitty-gritty of day-to-day administrative and management work for young and serving officers in public bureaucracies. Eme and Okoroaror’s book fills this gap adequately. It is for this reason that I recommend the book to students, public officials, researchers and those who are continuously in the audios business of impacting knowledge to future generations. Professor Anthony Onyishi Obayi, Department of Public Administration and Local Government, University of Nigeria, Nsukka.
It is axiomatic to posit that entrepreneurship is a major contributing factor to economic growth and development in any polity. However, entrepreneurial ability and leadership tend to be relative lacking in Nigeria as a result of many factors inhibiting affecting its growth and development. However, Nigeria still falls far short of the economic and social progress required to impact the well being of the average Nigerian given that over half of Nigeria’s population live on less than one dollar a day. Nigeria is also one of the top three countries in the world that have the largest population of poor people. In addition, Nigeria remains off track on achieving the Millennium Development Goals (MDGs), including the goal of halving the number of people who live in extreme poverty The economic reforms have not been sufficient to reverse years of economic decline, deteriorating capacity, weakened institutions and inadequate infrastructure investment while the recent dramatic stock market decline and banking crisis, and the global economic crisis have accentuated the situation This paper investigates these factors militating factors against the development of entrepreneurship in Nigeria. It explores both theoretical and empirical literature as base for the study. Despite all the efforts of government, progress of entrepreneurs in Nigeria is still limited due to financial, infrastructure and business climate challenges. It can be logically correct to conclude from the above theses that these challenges still constitute obstacles to entrepreneurs in Nigeria and have not been surmounted.