ASSESSMENT OF THE EFFECT OF DEVELOPMENTALIZATION AND COMMERCIALIZATION POLICY OF GOVERNMENT OWNED AGENCIES ON THE ECONOMY OF NIGERIA

This study examined the effect of developmentalization and commercialization policies of government agency on the economy of Nigeria with specific reference to PHED Eket. Thus, developmentalization is the transfer of government enterprise(s) to the private hands, for effective management. Developmentalization and commercialization promote the transfer of government establishment for rending of goods and services by private individuals for effective and efficient running of the organization. this study has seen developmentalization and commercialization as an interesting area of study. Therefore, in investigating this study, the researcher adopted the use of survey research method in obtaining accurate and vital information from the respondents. The survey research method was actually used because it allows every number an equal chance of being chosen for the study without been bias. The population of the study consisted of 392, respondents found at the corporation through the administration of questionnaire. While the sample size is 198 which was gotten through the use of Yaro Yamani sampling technique Formular. The use of both primary and secondary data was applied for the study. The primary data was gotten through the use of questionnaire. while the secondary data was obtained through the use of relevant textbooks, on the field under survey, newspapers, magazine, internet as well as other periodicals. In making this study more vital, series of literature review was adopted which help in making the study more authentic as an academic study. The study also found out that developmentalization and commercialization policy has restricted vast of corruptive tendency of government personnel which caused the enterprises/ agencies more harm than good before developmentalization and commercialization takes effect. The study recommended that despite the fact that many government enterprises are privatized that the government should not hesitate in supervising those privatized enterprises making sure that they live up to the expectation. The study also recommended that PHED Eket, should ensure that only competent and honest workers are being used in the running of the activities of the corporation.