THE ECONOMIC IMPLICATIONS OF COMMERCIALIZATION OF GOVERNMENT BUSINESSES; A FOCUS ON CHAMPION BREWERIES

Abstract

This study is focuses on the implications of privatization and commercialization of government owned businesses in Nigeria with particular reference to champion Breweries plc Akwa-ibom. The objectives are to examine whether privatization and commercialization is the answer to efficiency, and to investigate whether privatization and commercialization bring development and growth to Nigeria economy. Also, to examine whether privatization of champion breweries plc bring sustainable supply. In the course of writing this research, percentage analysis and table were employed in analyzing the data while chi-square was employed in testing of the hypothesis formulated. yaro –yamen technique was used In reducing the population size from 130 to 100. Primary and Secondary data were used .Cluster sample technique data was collected by means of questionnaire from 100 Champion breweries company staff. The organization has grown bigger since its privatization. It is recommended that there should be zero tolerance for corrupt practices within the organization to improve its effectiveness.