By Ajah, Jude Chika
A deepening world economic crisis, sustained and a continuous fall in prices and demand for crude oil has left Benue State in particular and Nigeria in general with sure recession and depression. The need for the government to intervene and manage the economy has become very imperative. But the petro – Naira is no more and the need to generate revenue from alternative source is seriously urgent.
However, the purpose of this dissertation is to appraise the impact of privatization on a developing economy, with a focus on Benue Cement Company Plc, Benue State.
The privatization process, therefore, aims at improving the efficiency of such enterprises and encouraging innovation in the ways in which they are implemented. It thus goes hand, with the establishment of an effective regulatory system that protects the consumers and the legitimate core investors – which refers to the economic reform strategy [privatization].