Contending Issues in the Niger Delta Crisis of Nigeria - Journal of ...

Chapter IX: The Politics and Policies of Oil Deregulation in Nigeria:
Implications and Policy Suggestions
These pre-requisites, among others, are tagged as strategy for success
and are highlighted by Verr (1999) as follows:
(i)
Defining the broad extent of deregulation privatization;
(ii)
Stating clearly the political, economic and social objectives to be
achieved;
(iii)
Establishing clear guidelines or criteria for valuation; the choice
of public enterprises for privatization and for the choice of
buyers;
(iv) Selecting techniques and, as necessary, their sequence
appropriate to the policy objectives to be attained and the needs
of the public enterprises to be privatized; creating confidence in the
process, for example by starting with privatizations with a high
prospect of success; promoting effective corporate government, for
example through the participation of “core” investors;
(v) Ensuring transparency and accountability in the privatization
process and using competitive bidding to the fullest extent
possible;
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