Public Enterprise Administration for Sustainable Economic Development in Nigeria

Michael E. Ekpo, Sunday S. Ating & Sylvester E. Nsa

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Abstract

The paper examined the Public Enterprise Administration (PEA) needed to reduce the high rate of poverty, enhance employment opportunities, impact economic growth and ensure Sustainable Economic Development (SED) in Nigeria. SED sought to ensure that the poor have access to sustainable and secured sources of livelihood through policy implementation, incentives and natural resources management. The Agency theory was adopted as a theoretical framework while the descriptive research method was employed to analyze secondary data contextually. The study revealed, among other things, that public enterprise administration has a significant direct relationship with sustainable economic growth and development in Nigeria and that public service delivery by most public enterprises in Nigeria was significantly hindered by corruption and other rent-seeking activities. It concluded that SED can be achieved through PEA by harmonizing the three core indicators of economic growth, social inclusion and environmental protection to promote the well-being of individuals in Nigeria. It recommended proper governance of public enterprises to promote transparency and accountability for sustainable economic growth and development, the building of new technology and innovation, Public-Private Partnership (PPP) to create more job opportunities, proper monitoring and evaluation of the governance process to limit corruption/frauds in PEA.

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