COMPARATIVE STUDY BETWEEN PRIVATISATION AND POST-PRIVATISATION MONITORING IN NIGERIA AND BULGARIA

Abstract

Nigeria, like most countries embarked on privatisation with the mindset of attaining specific goals and objectives. Such goals are mostly geared towards injecting efficiency and increasing out in the production of goods and delivery of services by enterprises. For the objectives of privatisation to be achieved however, there must be a structure for monitoring the process both during the exercise and post-privatisation. This article is a comparative study on the monitoring regimes in Nigeria and Bulgaria both during privatisation and post-privatisation. The study examined the robust provisions of the Bulgarian Privatisation and Post-privatisation Control Act, 2002 (PPCA) with regards monitoring in juxtaposition with the provisions of the Public Enterprises (Privatisation and Commercialisation) Act 1999 (the Act). It was recommended that lessons be learnt from the Bulgarian regime, and the Act be consistently reviewed as issues arise for determination.