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VATE SECTOR AS AN ENGINE TO ECONOMIC GROWTH IN NIGERIA (1980 – 2012)

 

ABSTRACT

 

The study examines the private sector as Engine of Economic Growth. A model was specified for the purpose and data was collected form the period of 1980-2012. The method used in this research work is the ordinary least square (OLS) of the regression model and variable which are Gross Domestic Product (GDP) as the dependent variable while Foreign Private Investment, Domestic Private Investment, Total Private Savings and total bank loan are the independent variables and are all insignificant exception of bank loan that is significant I recommend that the government budget should be favor of the local industry or domestic firms and that bank should give loan in favor of local industry

 

 

TABLE OF CONTENT

 

Pages

 

Title page --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---  i

 

Approval page --- --- --- --- ---- ---- ---- --- --- --- --- --- --- --- --- --- -- ii

 

Dedication --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- - iii

 

Acknowledgement --- --- --- --- ---- --- --- --- --- --- --- --- --- --- --- -- iv

 

Abstract --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- -- v

 

Table of content --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- -- vi

 

CHAPTER ONE

 

INTRODUCTION --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- 1

 

Background of the study --- --- --- --- --- --- --- --- --- --- --- --- - 1

 

Statement of the problem --- --- --- --- --- --- --- --- --- --- --- ---  5

 

Objective of the study --- --- --- --- --- --- --- --- --- --- --- --- ---  6

 

Statement of hypothesis --- --- --- --- --- --- --- --- --- --- --- --- --6

 

Significant  of the study --- --- --- --- --- --- --- --- --- --- --- --- - 7

 

Scope/Limitation of the study-- --- --- --- --- --- ---- ---- --- ----- 7

 

CHAPTER TWO

 

LITERATURE REVIEW

 

2.1 Theoretical literature --- --- --- --- --- --- --- --- --- --- --- --- --- --- - 8

 

2. 1. 1 Definition of private sector Privatization --- --- --- --- --- --- --- 9

 

2. 1. 2 Private Sector in Nigeria--- --- ---- ---- - --- --- --- --- --- --- -- -15

 

2. 2     Empirical Literature ----- ---------------------------------------------20

 

2.2.1 Methods of Privatization ----------------------------------------------22

 

2.2.2  Types of Privatization ------------------------------------------------23

 

2.2.4 Pro-Privatization and Anti-Privatization Argonauts --------------27

 

2.2.5  The private finance initiative (PFI) ---------------------------------33

 

2.2.6  The Role of Government and the Private Sector in the

 

Nigeria Economy -----------------------------------------------------35

 

Objectives of Nigeria Privatization and Commercialization Programme ------------------------------------------------------------42

 

Critique of the Nigeria Privatization Exercise --------------------43

 

2.3      Limitation of the Private Exercises --------------------------------47

 

CHAPTER THREE

 

3.1 Research Design --- --- ------ --- --- --- --- --- --- --- --- --- --- --- - 49

 

3.2 Research Methodology ------------------------------------------------- 49

 

3.3 Model Specification -- --- --- --- --- --- --- --- --- --- --- --- --- --- - 50

 

3. 4 Method of evaluation --- --- --- --- --- --- --- --- --- --- --- --- --- --51

 

3.5 Data required and source----------------------------------------------- 52

 

3.6 Level of significance--------------------------------------------------- 55

 

CHAPTER FOUR

 

4.1 PRESENTATION AND ANALYSIS OF 57

 

       REGRESSION RESULT--------------------------------------------57

 

4.2 Presentation  of Regression Result …………………………….58

 

4.2.1 Evaluation of Result ………………………………………….59

 

4.2.2 Expected and Observed Signs of our parameter Estimate------61

 

4.2.3 Evaluation Based on Statistical criterial

 

( First order Test)…………............................................................. 62

 

4.2.4  Econometric Test (second order Test) ……………………….67

 

CHAPTER FIVE

 

5.1 Summary ……………………………………………………….70

 

5.2 Policy Recommendation ………………………………………..71

 

5.3 Conclusion ………………………………………………………73

 

Bibliography ……………………………………….......... …………74


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