Question 25
Stock ExchangeWhat is the role of the capital market in the privatization exercise in Nigeria?
- A.Selling the shares and stocks of the companies to be privatized
- B.Encouraging private companies to participate in the exercise
- C.Negotiating with individuals who want to buy public companies
- D.Advertising for government
Show the answer and explanation
Answer: A (Selling the shares and stocks of the companies to be privatized)
Explanation
The shares of enterprises being privatised are sold to the public through the capital market, mainly the stock exchange.