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JAMB Commerce 2005 Question 27

Question 27

Government and Business

The Nigerian Telecommunications Limited is a

  1. A.jointly owned company
  2. B.public corporation
  3. C.privately owned company
  4. D.public company
Show the answer and explanation

Answer: B (public corporation)

Explanation

NITEL was owned and run by the government to provide a public service, so it is classed as a public corporation (public enterprise).