ASSESSING THE PERFORMANCE OF GOVERNMENT OWNED COMPANIES THROUGH PRIVATIZATION AND COMMERCIALIZATION

This study was specifically carried out to examine the performance of government owned companies thought privatization and commercialization using port Harcourt Electricity Distribution Company PLC (PHED) as a case study. It seeks to improve the performance, attitude, character, ethics or what could be a reason for their low performance in the public sector. It raises such hypothesis as: Ho, privatization and commercialization of port Harcourt Electricity Distribution Company PLC has no affect on the efficiency and overall performance of the company. The population of the study is made up of management staff, senior staff and junior staff of PHED, Uyo, with a sample size of 57. It was however observed from the test of hypothesis that privatization and commercial of PHED has a positive affect on the overall performance of the company with similar results form hypothesis 2 and 3. Hypothesis 4 however shows that cumption in the privatization and commercialization process and other social vias like inability to evaluate the company’s asset and bureaucratic bottlenecks as well as political interference are serious impediment to privatization. Above all, it is therefore necessary for companies, organizations co-operative or incur-operative bodies to adjust and readjust their policy on privatization