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CHALLENGES AND PROSPECTS OF
PRIVATIZATION OF SECURITY IN
NIGERIA: A LEGAL PERSPECTIVE
BY
PROF.WAHAB EGBEWOLE
10TH JUNE, 2014.
DELIVERED AT NIGERIAN ARMY SCHOOL OF EDUCATION, SOBI, ILORIN
EABDULWAHAB@YAHOO.CO.UK 07031084046
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OUTLINE
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INTRODUCTION
CONCEPT OF PRIVATIZATION
EVOLUTION OF PRIVATIZATION IN NIGERIA
SECURING NIGERIA: CONSTITUTIONAL MANDATE
PRIVATIZING SECURITY?
CHALLENGES & PROSPECTS OF PRIVATIZING
SECURITY
CONCLUSION
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INTRODUCTION
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ENVIRONMENTAL SCANNING OF NIGERIAN ECONOMY
WHY PRIVATIZATION?
INDEGINIZATION POLICY AS FOUNDATION OF
INDEPENDENCE
MILITARY AND NIGERIAN ECONOMY
PUBLIC ENTERPRISES AND PUBLIC CORPORATIONS
RECESSION AND SAP
REGIME OF PRIVATIZATION
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CONCEPT OF PRIVATIZATION
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Government and running business
Government have no business doing business.
Trajectory of government in business in Nigeria
Privatization as escape route
Privatization and its objectives-government to
concentrate
on
governance,
performance
efficiency, decongest the pressure on government
treasury, fund raising drive
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CONCEPT OF PRIVATIZATION (CONTD)
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Experience from other climes-public share issue, proportional
sale, workforce or management buy off, dilution of public
sector,
No success story to rely on? Spain, Portugal, France, Germany,
Turkey
Attitude as key
World Bank Guidelines for policy makers www.worldbank.org
Constitutional challenges-Section 16 conundrum
Core investors strategy as panacea?
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EVOLUTION OF PRIVATIZATION IN NIGERIA
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Oil glut as the basis
IMF conditionalities as catalyst
Structural Adjustment Programme (SAP) as vehicle
Privatization and Commercialization Act as first step
Gamaliel Onosode Presidential Commission by
President Shagari- real first step-increased role of
private sector recommended
Technical
Committee
on
Privatization
and
Commercialization (TCPC) led by Dr Hamzah Zayyad88 of the 111 government enterprises listed for
privatization
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EVOLUTION (CONTD)
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Bureau of Public Enterprises Act established by
Decree
No.28 of
1993
creating
another
implementation committee
Regime of full privatization as against partial by PCA
Public
Enterprises
(Privatization
and
Commercialization) Act, 1999- Gen. Abdulsalam’s own
contribution
Obasanjo’s addition of National Council on
Privatization- Imperative of Privatization tirade
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SECURING NIGERIA: CONSTITUTIONAL MANDATE
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Essence of government
Security of a nation is key to development
Sections 217 & 218 of the Constitution
Internal and external aggression matrix
Citizens buy-in on security
Necessity of abdication of duty?
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PRIVATIZING SECURITY?
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Suicide Mission
Nigerian Project and challenge of imbalance
The ethnic dimension imbroglio
Religious bigotry and its catastrophic consequences
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CHALLENGES AND PROSPECTS
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Privatization ups & downs
Selling commonwealth for private enclave
Government and business-no meeting point
Security as a commonwealth
Nobody and all peoples’ affair
Ship in or ship out
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CONCLUSION
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Regulated Privatization
Corruption as a major disincentive
National Conference and the regime of recapitulation
Security is the business of government
Current security challenges and the need for
concerted efforts
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THANKS FOR LISTENING
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