By Mbanugo, Ugochi Stella
Privatization as an economic rcfornt policy was introduced in Nigeria in the late 1980s. It is a policy that was aimed at altering the character of Nigerian economy and improving the effectiveness of establishments. Prior to this policy, Nigeria could be said to b practicing what is often called a mixed economy. The economy was neither a totally capitalist economy, where the market forces of demand and supply are the sole determinants of efficient allocation of resources nor a pure command economy wherein the government and its agencies are responsible for planning, production and distribution of goods and services. Thus, there is both public and private sector operations within the economy.