ABSTRACT

When the economic fortune of the organization of petroleum exporting countries (OPEC) nations suffered a tragic experience due to the sudden fall of the oil price in the eighties and nineties, the economy system of its members became a source of concerned as the survival of their organs was greatly threaten. Due to the sudden fall of the oil prices, several developing nations, therefore, evolved strategies that will pull them out of the economic being one of the country  affected was not excluded and one of the strategy to be employed was to privatize and commercialize government public enterprises which many believed will lead the country out of her economic wound.

Nigeria National Petroleum Corporation (NNPC) is one of the public enterprises owned by the federal government of Nigeria to provide petroleum product to the populace. The wind of the economic recession that spreads across the country didn’t spare NNPC. NNPC got it share couple with mismanagement of resources by those responsible to manage the day-to-day affairs of the organization. These led to their in ability to meet the aims and objectives of setting them up. The only way out seems to privatize and commercialized the sector to have enough funds to meet its service to the populace through selling of shares and foreign investment.

This programme will not only make funds available but also provide better management and managerial skill for effectiveness and efficiency.

The study will examine its positive and negative on the enterprises. The Nigeria economy, employees and Nigerian government.