The Impact of Globalization on the Performance of Public Enterprises in Nigeria

Abstract

The wave of globalization has continued to affect the performance of major economic institutions such as public enterprises in developing countries. While many public enterprises in developed countries are growing in strength and capacity, those in developing countries are winding up or changing batons, as a result of the impact of globalization. The paper, therefore, using content analysis, looked into the impact of globalization on the performance of public enterprises in Nigeria and other developing countries. In its findings, there are both negative and positive effects and it is recommended that Nigerian leadership and other developing countries should downplay ethnicism, religious misunderstanding, and politics of rancor and unite to pursue and execute policies and programs to rescue their people and land from the continued global international exploitation. Public enterprises should be strengthened to be major stakeholders in the provision of essential goods and services not only internally, but also, across the globe, all that is needed is good governance, the right attitude, perseverance, and the enabling environment for better performance.