ABSTRACT
This research work is aimed at ascertaining the various role played by the accountant in the privatization and commercialization of pubic enterprise in Nigerian economy.It also focused on the information supplied by the accountant, its contribution to the success of privatization and commercialization exercise, and this shows that the accountant is important among other groups of professionals needed for the implementation of the exercise and they formed the pillar on which any successful established rest upon.
The accountants in Nigerian today faces a lot of challenges in executing their services, but from the course of finding, I will recommend that accountants should be given a free hand in the implementation of the exercise in order to enhance the profitability of such parastatals.
CHAPTER ONE
1.0 INTRODUCTION:
The economic recessions changes in the early 80’s to the general decline in public revenue. As a result of this, government appointed several study group to examine their operation with a view to determine the basis for a new funding scheme, operate capital structure as well as incentive measures to enhance their productivity and general efficiency in the face of declining government revenue and expanding demand for social services.
This has led to the inauguration of National Council on privatization where the President stated thus, “there are over 1000 State owned enterprises in Nigeria. Many of these enterprises gulp billions of naira without yielding much positive result in terms of consumer’s satisfaction which ought to be the top priority”.