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The central objective of privatization in Nigeria is to

Government
JAMB 2012

The central objective of privatization in Nigeria is to

  • A. Reduce the retrenchment of workers
  • B. Encourage prompt payment of salaries
  • C. Improve standard of living
  • D. Improve the efficiency of enterprises
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Correct Answer: Option D
Explanation

 The principle for privatization in Nigeria commenced in 1999 with the aim to diversify totally or partially, the shares owned by the Federal Government, its agencies and parastatals in public. enterprise active or dormant. The primary goal of the privatization in Nigeria is to reduce the dominance of the public sector and to  re-structure and rationalize the public sector in order to lessen the dominant unproductive investment in that sector.

There is an explanation video available below.


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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