PROCEDURE FOR PRIVATIZATION OF A CORPORATE ENTERPRISE

The focus on Privatization of Corporate enterprises is relatively recent in Nigeria. The prominence in economic programs of most developing countries since the 1980’s is due to the need to reduce Public sector deficits and financial losses arising from gross inefficiencies of the public Enterprises. Privatization attracts substantial amount of foreign investment inflows and new technological growth bringing about economic growth and reformation. The effective implementation of privatization program of a Corporate Enterprise such as Nitel LTD requires a computer-based system. This research work is aimed at designing and implementing an automated system that would eliminate some of the problem and draw backs associated with the manual procedures for the privatization of a corporate enterprise.