Impact of Privatisation:

If a privatization programme is carefully packaged and faithfully executed, it could impact positively on the economy in the following ways.

i. Free the government from heavy annual subventions and subsidies to unprofitable enterprises.

ii. Promote competition, efficiency and improved service delivery, especially for public utilities.

iii. Facilitate commerce and trade within the local economy.

iv. Promote integration of the economy into the global economy.

v. Facilitate the emergence of modern and innovative entrepreneurs and the development of local ones.

However, if a privatization programme is poorly packaged it could lead to massive retrenchment of public sector workers and engender over concentration of wealth in the hands of a few individuals. This could worsen the problem of poverty in the country.