Problems associated with the management of Public Enterprise in Nigeria
For any organization to progress through the step of economic social and political emanation, it should be able to manage adequately the people that constitute the organization. Therefore the management of this establishment should endeavour to work effectively with people and try resolving satisfactorily the varied problem that the management of these problems may entail.
Management can be said to be an action having a synergistic effect in which a productive entity is created, which turns out more than it receives as input.
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A public enterprise is an organization that is set up as a corporate body and as part of a governmental apparatus for an entrepreneurial or entrepreneurial-like objective. Implicit in this definition is that every public enterprise is a legal entity and run as a business venture whose motive is profit-making.
The role of public enterprise in developing economies is enormous. This is partly because the government is the champion of the most development efforts in the nation and private sectors or enterprises provide the bulk of the goods and services needed by the citizen in the country.
The Problems associated with the management of Public Enterprise in Nigeria
There is no doubt that the general public is disillusioned about the pathetic nature of retardation of the nation’s economic progress. It is now clear that here in Nigeria, government parastatal is inefficiently run by politically-appointed staff and run a risk of losing revenue due to corruption. It is observed that their competitors in the private sector perform creditably under the same condition. This situation has raised a number of comments from the general public as regards the problems of public enterprise.
The Business Times of July 29, 1991, observed that manufacturing enterprise both public and private are sometimes faced with the shortage of water, raw materials, stand up and operational cost. Some of these problems will be further considered under the following factors. Economic, socio-political administration, and operational technicality.