Lesson Notes By Weeks and Term - Senior Secondary 2

Term: 1^st Term

Week: 8

Class: Senior Secondary School 2

Age: 16 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:      Government

Topic:-       Privatization

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

1. Define privatization
2. Give reasons for privatization
3. State the advantages and disadvantages of privatization

 INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION	TEACHER’S ACTIVITY	STUDENT’S ACTIVITY
STEP 1 INTRODUCTION	The teacher reviews the previous lesson on commercialization	Students pay attention
STEP 2 EXPLANATION	He defines privatization and gives reasons for it	Students pay attention and participates
STEP 3 DEMONSTRATION	He states the advantages and disadvantages of privatization	Students pay attention and participate
STEP 4 NOTE TAKING	The teacher writes a summarized note on the board	The students copy the note in their books

 

NOTE

PRIVATIZATION

The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business.

The process in which a publicly-traded company is taken over by a few people is also called privatization. The stock of the company is no longer traded in the stock market and the general public is barred from holding stake in such a company. The company gives up the name 'limited' and starts using 'private limited' in its last name.

The process in which a publicly-traded company is taken over by a few people is also called privatization. The stock of the company is no longer traded in the stock market and the general public is barred from holding stake in such a company. The company gives up the name 'limited' and starts using 'private limited' in its last name.

Reasons Why A Government May Choose To Privatize A Public Enterprise Or Service, And They Include:

1. Improving efficiency and productivity: Privatization often introduces market competition and management practices, which can lead to greater efficiency and productivity in the enterprise.

2. Reducing government spending: Privatization can help reduce government spending by transferring the financial burden of running the enterprise to the private sector.
3. Raising funds for the government: Selling shares of a public enterprise or asset can provide the government with a source of revenue.
4. Encouraging investment: Privatization can attract private investment in the enterprise or sector, which can help to drive innovation and growth.
5. Improving service quality: Privatization can incentivize private companies to provide higher quality services to customers or clients, as they must compete with other private companies.
6. Reducing political interference: By removing an enterprise from government control, privatization can reduce the potential for political interference in the enterprise's operations

 

ADVANTAGES OF PRIVATIZATION

 

1. .Sources of revenue to the government.
2. .Improvement in operational efficiency.
3. .Improvement in decision making process.
4. .Reduction in government expenditure.
5. .Increase in competition.
6. .Encourages inflow of foreign capital.
7. .Increase in economies of scale.
8. Profit maximization
9. Reduction in government interference.

 

DISADVANTAGES OF PRIVATIZATION

1. Leads to unemployment.
2. Loss of government control.
3. Loss of revenues.
4. Concentration of shares in few hands.
5. Adverse effect on the security of the country.

 

EVALUATION:    1. Define privatization

2. Give reasons for privatization
3. State the advantages and disadvantages of privatization

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively