Should the public sector be privatized?

Hello guys,

At the time of Independence, our economy was backward & stagnant. At that time there was no infrastructural base & also, there was lack of capital & incentive among private entrepreneurs for privatization. Therefore, direct intervention of the state was considered essential. But later in this sector corruption, case of pilferage & leakage is increasing day by day.

Therefore, since today we have infrastructural base as well as private enterprises who want to invest their capital for privatization. From my point of view privatization is the only way for development & growth of country. Privatization is not only beneficial for rich but as well as for poor, for instance, poor will make efforts for their own development & growth. They will become independent & will do some work for their better future. They will not dependent on government polices or scholarships. It will help them or give a reason for living.

Also privatization will foster development of our country. As we know that in 2015, till our country is backward compare to others.

Thanks for paying attention.

Hi, everybody.

Well we are all concern about the impact that may come after privatisation of the public sector for the economically weak families of our country. But if we change little of our mindset public sector will continue to exist and progress with better pace.

Firstly almost all public sector employees say no matter we work or not, our salaries will be credited at the end of every month. So almost zero output which led to the option to privatise public sector.

Secondly private sectors employed the best, likewise leaving nepotism and money power behind public sector too should employ young, dynamic, creative, and innovative employees.

If these are fulfilled we wouldn't need private sector and poor's would not suffer. So both govt and people have to change first.

Hello everybody,

In my opinion our economy, The Mixed is best one, where both private and gov sectors are parallel players. It gives consumers a large vivid options to get served as per his own needs. For eg, in telecom sector, we have large number of options, if you priority is low cost go for BSNL, if your priority is fast services go for rest of networks.

So in my view, public sectors should not be converted in private but private players should be allowed to invest in public sector, What is the problem if on tracks of Indian railway few more trains of Tata and Amabani will run? Let customers decide whether they have to go on government trains or private.

Hey all,

I think its easy to say that changes should be made and all but ground reality is worse. Have you considered reason why the public sector was introduced?

The object was to maintain economic equality and equal distribution and providing opportunities to all. The purpose we elect our government is because of these reasons right? so now, if our government does not work well for us what we do, we throw them out and elect a new government but the basic process of election, the system and the functions remain same.

We expect the new government to do better for us and fulfill those reasons for which we have elected them, with their improved plans, policies and budgets. So, basically we improve when there is a problem. We cannot say that all the governments we elected have failed or are not capable so lets not have a government.

Similarly, privatization is not a solution, because the aim remains the same. I admit that private sector is active and provides best of facilities but think who all can afford those expensive facilities. We may be in good financial conditions, so we can afford but what about those who cannot imagine sending their kids to private institutions for studies in private institutes. Things will become so expensive for people who survive on the subsidies by government. There are many disadvantages.

What I suggest is government should inculcate the best features of private sector. (for which they are considered better) and implement them in public sector. It is difficult to start off with but it is not impossible.

Hello friends.

Every work can't be carried by government every work can't be done by private so they have to split but regulatory authorities should regulate all the sectors sectors like railways water supply defense etc, has to be looked by government directly apart from that other sector has to be looked by private with regulations of regulatory bodies most of tax money is wasted because of the public sector undertakings example if air India, BSNL faces loss we have bear that government will use our tax and instead they can provide scholarships, funds etc.

Based upon income every one is entitled for the basic things by this our tax money will be saved and it leads to development of all individuals sectors like education, banking, airways, etc has to be privatized because of the competition customers can avail the service at affordable or even may be at cheaper cost those who can't afford government can support that individual regularities like RBI, train are performing well all the universities has to be privatized but main important thing government should monitor everything through its agencies as per my understanding government should hold these sectors fully deference, police, judiciary, railways, electricity, roadways, (for electricity government should encourage self dependency like they should productive own electricity by solar or what ever possible means).

And friends don't think about job security these public sector undertakings have been established for benefit of public not only to create job to ensure job security in private parliament can amend civil rights laws in the beginning it will be hard for us but in future we can make things possible think from all aspects please I am just posted my personal opinion.

Dear friends,

I believe from my own view and from all investigation gathered, and from what you guys have just said, I could say unequivocally that privatization of public sector is best solution to the problem of Nigeria economy, the high rate of corruption would never allow the private sector to operate effectively, I know that the private sector is more costly, but we need to get best quality, at the right time to satisfy our needs, the private can do this under some hours because they will like to maintain that business relationship with their customers, but in public is not so.

Example: If you are feeling feverish and you go to public hospital, you must like up to 3-4 hours before you can see the doctor, but try that in private and see the way they will attend to you, very fast, another thing is the private believe on what you can offer as an individual, while public believes on god fathers, lastly, there are much nepotism, discrimination in public while private is not much, eg. Isoko will like to favour Isoko alone. I will rest my support private here.

Hi friends.

Private sector has its own advantage in terms of higher productivity, deliverable beyond expectation and usage of updated technology. We all needs this and which is quite justified.
But one simple question. Why do we need to privatize public sector for the same?

Why can't we make these resources available in the public sector which positively differentiates the private sector.

We need to start think on resource allocation rather than conversion.

I feel the below needs to be started immediately :-

1. Good talent hiring mechanism.

2. Procurement of better technologies.

3. Additional reward for employee on achieving the KRA.

4. Customer concentric work culture driven through leadership (Secretary or Chairman etc).

We want to protect the right of consumers by providing quality goods/services at affordable and reasonable rates and with an ease. So up-gradation of public sector with enhanced resources is a better option than conversion into private.

Hello friends.

A good topic that we are dealing every year. Privatization has many advantages and disadvantages also. We have to extract the advantages and apply it to the public sector. I'm mainly pointing out the services that are done by the PSU are worthwhile. For example corporate social responsibility.

As my point of view, a semi government PSU sectors are more beneficial rather than fully privatization. Except some defense, research PSU. Due to this type project the small attention of our government will provide on private sector activities and problem of jobs and other issue not create.

Hello everyone !

Privatization as it denotes is something which makes any organization or sector independent of government interference, liability and control. Given the recent trends where many governmental or public sector undertakings are not performing well or we may say. Are not in pink of their health. Were in the consideration of the government to privatize them. Although its obvious that a sense of competition always leads to the evolution of something better.

Likewise is the work ethics of most of the private organizations. But what I think, is, that losing the control over the organization only looking at its financial aspect, overlooking the organizations employees future over it, is not something worth risking. As it is understood private players has to award their share holders.

So the profit is the priority and they may end up cutting some corners, that is, the jobs and the main motive of public service is never achieved, and creating jobless population is something a developing economy shouldn't look up-to. Cost goes up, as a tax payer one has to pay tax to utilize governmental facilities but for the private facilities its extra besides the regular tax thereby increasing the burden.

Being a non governmental body it is not easy to held them accountable for any wrong doings. Full autonomy is a double edged sword in this context. Might work wonders or might ruin it all. Still many governmental organizations are partly privatized like 75:25 government to private or 51:49 and more but yes the government always has the upper hand in it so it alienates the apprehensions of all those privatization omens and the sense of security is always maintained.