Privatization This study seeks to examine and determine the role of the government agencies in the situation of Nigerian telecommunications limited which is on the verge of collapse. The company has great infrastructure and the market has a lot of opportunities that can sustain several players yet it has been unable to sustain itself and has instead incurred debts amounting to millions of dollars. The purpose of this research is to explore if privatization of Nigerian telecommunications (NITEL) would or can facilitate the country to triumph over these difficulties. Findings from the study reveals that the issues affecting the company are many including its lack of profit, in ability to pay its staff and other debts.

Introduction

The recent deregulation of the mobile phone market in Nigeria has led to the entrants of new players in the telecommunication market. The market was predominantly dominated by the government owned NITEL through a monopoly...

The number of telecommunication services users in Nigeria has also grown in large numbers. Telecommunication has obvious as well as important role to play in enhancing economic growth in the Nigeria. The Nigerian telecommunication market is regulated by the Nigerian Communications Commission which oversees the business on behalf of the government (Information gatekeepers, Inc., 1990).
However, to achieve the desired growth the telecommunication infrastructure also requires to be developed. The tools used for communication such as telephones, personal computers and the internet have shown to have critical role in the growth of the economies through enhancing individual growth and economic development. The Federal Government of Nigeria has recently put in place commendable policies that have facilitated some of the changes that have been experienced in the telecommunications market. The objective of these policies is to expand and…