The major purpose of this study is to ascertain the effects of privatization and commercialization policy on economic development using power holding company of nigeria ekwulobia as a case study. The reason behind using the power holding company of nigeria is because it is one of the public enterprises that its product has the widest consumption. The population of the study consisted of 254 workers in phcn ekwulobia anambra state. The sample size was determined using yaro yamene formular. The sample of 155 out of 254 was drawn using simple random sampling. Five research questions were formulated which guide the study. A structured questionnaire was developed and validated for use. Table and percentage were used to answer the research questions. The major findings of the study were: (1) there is general discontent by the public about phcn’s services (2) there was serious fluctuating power supply from late 1992 to date (3) political instability has contributed to the problems of phcn (4) phcn has not registered as a public limited company. Thereafter, it was concluded that: (1) the general public were dissatisfied with the poor services of the phcn. (2) the serious fluctuations in the supply of power was caused by breakdown of the power holding company’s power stations. (3) political instability in our country has made it difficult for the successful privatization of phcn. The following recommendations were made: (1) phcn should establish a good public relation. (2) there should be rehabilitation and maintenance of the power stations. (3) efforts should be made by government and stakeholders for a successful privatization and commercialization of phcn.

TABLE OF CONTENTS
TITLE PAGE                                i
 APPROVAL PAGE                            ii
DEDICATION                                iii
ACKNOWLEDGMENT                        iv
ABSTRACT                                vi
TABLE OF CONTENTS                        viii

CHAPTER ONE
1.0    Introduction                            1
1.1    Background of the study                2
1.2    Statement of the problems                5
1.3    Purpose of the study                    7
1.4    Significance of study                    8
1.5    Research questions                        10
1.6    Scope/Delimitation of the study            11
1.7    Limitations of the study                    12
1.8    Definition of term                        13

CHAPTER TWO
2.0    Introduction                            16
2.1    Effects of privatization and commercialization policy                                17
2.2    Privatization and  commercialization in other countries                                23
2.3    Privatization and commercialization In Nigeria                                24
2.4    Objectives of privatization and commercialization programme.                             30
2.5    Effect of sap on electricity supply problems    32
2.6    Electricity generation and transmission capacities     34
2.7    Sales and revenue collection in a commercialized PHCN                                39
2.8    Summary in literature review                42

CHAPTER THREE
3.0    Research methodology                    45
3.1    Design of the study                        45
3.2    Area of the study                        46
3.3    Population of the study                    46
3.4    Sample size/sampling techniques            46
3.5    Instrument for data collection            47
3.6    Reliability and validation of the instrument     48
3.7    Distribution and retrieval of the instrument     49
3.8    Method of data analysis                     49

CHAPTER FOUR
4.0    Data presentation and analysis             51
4.1    Presentation of findings                    51
4.2    Discussion/Analysis of findings            54

CHAPTER FIVE
5.0    Summary of findings, Conclusion and Recommendations                        57
5.1     Summary                              57
5.2    Conclusion                            58
5.3    Recommendations                        59
References                            60
Appendix                             62
Questionnaires                        63