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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 7/3/2015 2

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 7/3/2015 3

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 7/3/2015 4

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 Constitutional challenges-Section 16 conundrum Core investors strategy as panacea? 7/3/2015 5

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 Zayyad- 88 of the 111 government enterprises listed for privatization 7/3/2015 6

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, Gen. Abdulsalam’s own contribution Obasanjo’s addition of National Council on Privatization- Imperative of Privatization tirade 7/3/2015 7

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? 7/3/2015 8

Suicide Mission Nigerian Project and challenge of imbalance The ethnic dimension imbroglio Religious bigotry and its catastrophic consequences 7/3/2015 9

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 7/3/

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 7/3/

THANKS FOR LISTENING 7/3/