The central objective of privatization in Nigeria is to

The central objective of privatization in Nigeria is to improve the efficiency of enterprises. Privatization involves the transfer of ownership and control of state-owned enterprises to the private sector. The Nigerian government has pursued a privatization policy to reduce the inefficiencies and corruption associated with state-owned enterprises and to stimulate economic growth. By selling off these enterprises to private investors, the government hopes to attract capital, technology, and managerial expertise that can improve the efficiency and productivity of these businesses. This can lead to increased profits, job creation, and economic development. Ultimately, the goal of privatization in Nigeria is to create a more competitive and dynamic business environment that can help drive sustainable economic growth and development. While there may be other benefits associated with privatization, improving the efficiency of enterprises is the central objective of the policy.