This research work was carried out to analyze the implications of privatization the unbundled firms of the PHCN.  The broad objective of the study was to ascertain the effect of the privatization program on the Nigeria selecting and the economy as a whole.  In the course of the study, survey research method was adopted and the researcher formulated a part of hypothesis.  A sample size of 150 respondents was used.  Primary data were collected from respondents using questionnaires measurement instruments. Collected data were collected from respondents using questionnaires measurement instruments.  Collected data were presented on tables and analyzed mathematically using simple, percentages.  The chi-square statistical tool was used in testing the hypothesis formulated.  Evidence from the research data shows that the power sector privatization will lead to better service delivery, improved productivity and adequate utilization of organization resources in the power sector. It was recommended among other things that for this program to be successful, the NERC should provide practical conditions for eth electric power market to develop a delicate balance between the interest of the privatized companies and the benefits of society. 

Title Page          i

Approval Page          ii

Dedication          iii

Acknowledgement        iv

Abstract           v

Table of Contents         vi

Chapter One 

Introduction 

1.1 Background of the Study       1

1.2 Statement of the Problem      3

1.3 Objectives of the study       4

1.4 Research Hypothesis       5

1.5 Significance of the study       5

1.6 Scope of the Study          5

1.7 Research Hypothesis       6

1.8 Definition of Terms        5 

References 

CHAPTER TWO

Literature Review 

2.1 The Background of Power Holding Company of Nigeria (PHCN)         9

2.2 The Meaning of Privatization     11

2.3 Background of Privatization in Nigeria    13

2.4 The Implication of Privatization to Nigeria Econom 15

2.5 The Challenges of the Privatization Program   18

2.6 The Rational for Privatization in Nigeria    20

2.7 Privatization of PHCN, in Consequences to Nigeria Economy         22

2.8 The Privatization Strategy of the PHCN   27

2.9 Opportunities the can come with the Privatization  30

References 

CHAPTER THREE:

Research design and methodology 

3.1 Research Design       35

3.2 Area of the study        35

3.3 Population of the study      36

3.4 Sample and Sampling Procedure     36

3.5 Source of Data        37

3.6  Instrument for Data Collection     38

3.6 Validity of the Instrument     38

3.7 Method of Data Presentation and Analyses   39

References

CHAPTER FOUR: 

Data presentation and Analysis 

4.1 Presentation and Analysis of Data    40

4.2 Test of Hypothesis        48

CHAPTER FIVE: 

Discussion of Result, Conclusion and Recommendations 

5.1 Discussion of Result       52

5.2 Conclusion         53

5.3 Recommendations       54

Bibliography

Appendix