Privatization of Public Enterprises and the Working Class in Nigeria

Abstract

This work is intended to explores privatization of public enterprises and its impact on the working class in Nigeria. It contends that privatization has negative implications on the labour force and on the poor in Nigeria. The Marxist political economy was adopted as the theoretical framework. Privatization of public enterprises is nothing but a political agenda of the capitalists and their ideologues. The data for this study were collected from the primary and secondary sources. With privatization, poverty and unemployment has increase, just as education and health care has become a luxury for the Nigeria masses. It recommends pro-poor reforms instead of this pathological fixation on privatization as the only solution to the country’s economic problems.