Privatisation is simply the transfer of state control or ownership to the private sector. Savas (n.d.) in (Nubi, 2002), widely regards as the father of privatisation movement, define privatisation as “more reliable on the private sector institution and less on government to satisfy needs”. Entrepreneur skills, efficiency in management, the ability to perceive, assess and capitalise on opportunities in financing, implementing and managing infrastructural facilities. Privatisation can take the form of partnership of project-based joint ventures ranging from outsource design and low constructions to private firms, to contracting management of existing system and grant operating concession to specialised enterprises, to privatising new service delivery through BOT (Build–Operate–Transfer), BOOT (Build–Operate–Own–Transfer), BOO (Build–Own–Operate), ROT (Rehabilitate–Operate–Transfer), BTO (Build–Transfer–Operation)
Apart from relieving the Government of financial and administrative burden, Merna and Dubey (1999) noted that provision of infrastructure by Government in several countries has resulted in serious and widespread misallocation of scarce resources, poor performance, and failure to respond to demand. Privatisation on the other hand is known to improve efficiency, productivity, accelerate economic growth satisfy unmet demand, reduce price and encourage local entrepreneurship and empowerment, among other partnership also encourages better risk sharing, accountability, monitoring and management of infrastructural provision (World Bank Report, 1994). In tune privatisation, the role of Government does not disappear, but only reduces. Governments’ role shifts from provider and acting as regulator, catalyst and partner.
