Question 9
Government and BusinessA core investor in the current phase of privatization in Nigeria is one who
- A.can afford to buy most of the shares of the enterprises
- B.will be at the core of the enterprises
- C.can mobilize foreign currency equivalent to the value of the enterprises
- D.has the technical know-how of the enterprises.
Show the answer and explanation
Answer: A (can afford to buy most of the shares of the enterprises)
Explanation
A core investor buys a large, controlling block of the shares of a privatised enterprise.