Ojonugwa Julius Akubo's Blog

The government has been criticised by so many critics as being a poor manager of business and we often hear statements like “the Government has no business in business”. Owing to such criticisms the government came up with the issue of privatisation whose benefits and shortcomings we shall be analysing critically in this paper. Privatisation goes beyond the mare activity of ownership transfer as this singular action is capable of determining the fate of the populace attached to such ventures either directly or indirectly. Privatisation in the first place is the transfer of assets from the public (government) to the private sector. In other words it’s when the government transfer its authorities and control over a particular assets of his to a private body. This action arises not because the government is a “father Christmas”; it’s rather due to some expected benefits or existing inabilities by the governments. Knowing this we shall now discuss ...

Without any atom of doubt we can considerably say that the speed of technological evolution in the world of today has been very spontaneous which originally shouldn’t be a problem. But the rate of its acceptance by so many nations of the world may eventually end up in incapacitating the labour sector of these countries which is an indicator of danger. Labour as we know is the most perishable factor of production in that its service has got a time space (18 years to 65 years). It’s also the longest to generate when it comes to time of creation. The time it will take to produce sixty same types of machines is far lesser than the time it will take to build up a single labour for effective service. That notwithstanding labour is the most important factor of production at such any activity that will terminate the need of labour should be well evaluated before its being accepted. And this evaluation should involve a critical analysis of the nature of the country in question...