1.1  Background To The Study

Privatization has been defined as the returning of public-owned assets to the private sector, with the control of activities been passed from the public sector to the private sector through the   issues of shares’ (Ohashi and Roth, 1980 in Anyebe, 2001). Section 14, Decree No 25 of 1988 views Privatization as the transfer of government owned shares in public enterprises to private shareholders, consisting of corporate institution and private individuals. In 1973, NEPA was formed and became operational generating, transmitting and distributing of electricity to all parts of the federation. However with gross deficiency its operations it was privatize when the federal government embarked on power reform in Nigeria in1999. This was con ducted under the Electric Power Sector Reform (EPSR) Act 2005.  The Power Sector Reform main objective included the full deregulation of the Electricity Supply, providing adequate supply of electricity generation to consumers, make the sector investor-friendly and discarding NEPA’s monopoly. The Act repealed the law which established NEPA, and led to the formation of the Power Holding Company of Nigeria, (PHCN) charged with the responsibility of providing power supply. It also restructured the power sector from a vertically integrated structure into eighteen unbundled autonomous companies. The Act targeted the  liberalization and privatization of the sole power provider-PHCN and brought in Independent Power Producers IPPs. (www.mbendi.com). Mediterranean Journal of Social Sciences(2014)

1.2  Statement of the Problem

The privatization policy was intended to improve electricity generation and enhance effective services delivery through sector friendly prices. However all that was expected has not been fully realized. Instead privatization led to mass retrenchment of staff, increased tariff, and the control of the company by a few elite. Consequently it has led to loss of billions of naira due to corruption in the sector. Consequently the problem confronting the research is to appraise the impact of privatization policy on the performance of public sector organization in Nigeria with a case study of NEPA

1. 1. This material content is developed to serve as a GUIDE for students to conduct academic research work
2. 2. As a source for additional understanding of the subject.
3. 3. As a source for ideas for your own research work (if properly referenced).
4. 4. For PROPER paraphrasing (see your university definition of plagiarism and acceptable paraphrase)
5. 5. Direct citing (if referenced properly)
Thank you so much for your respect to the authors copyright.