It is equally contended that privatization is synonymous with deprivation of the masses for the benefit of the few rich since only the rich can afford to raise the large amount of money that will be required to purchase undertakings marked out for sale. In doing this it seems a deliberate effort is being made to widen the gap between the rich and the deprived poor. Some other strong antagonist of privatization believes that it will cause more harm then good to the welfare of Nigerian masses. People who hold these view seems to be convinced that what will make the ailing parastatals or public enterprises perform well is to man them with qualified, competent and committed personnel. Such people, it is suggested, should be given target period for implementing given undertakings will be rewarded when they merit it, while mismanagement should attract punishment, FRN, (1986).
Commercialization is the process by which a new product or service is introduced into the general market. The process of commercialization is broken into phases, from the initial introduction of the product through its mass production and adoption. It takes into account the production, distribution, marketing, sales and customer support required to achieve commercial success. BREAKING DOWN 'Commercialization' As a strategy, commercialization requires that a business develop a marketing plan, determine how the product will be supplied to the market and anticipate barriers to success.