Yes, privatisation can and will lead to positive change in the current situation by working to reverse these certain dangerous trends. As has been noted throughout this document, privatisation is designed to remove government from business and bring in proper business people to do so.
This means that government will spend its time, energy and money taking care of Nigerians rather than a few companies. It also means that the real business people that take control of PEs will make sure that the companies work, thereby creating jobs, increasing competition, lowering prices, and increasing quality.
No one can guarantee that this will be achieved overnight, but experience around the world has shown that privatisation has positive long-term effects on economies in most countries.