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JAMB Economics 2003 Question 35

Question 35

Business Organisations

Privatization and commercialization of public enterprises in Nigeria is necessitated by

  1. A.the IBRD conditions
  2. B.the government's loss of interest in them
  3. C.their operational inefficiency
  4. D.the IMF conditions
Show the answer and explanation

Answer: C (their operational inefficiency)

Explanation

Public enterprises were often wasteful and loss-making, so government privatised or commercialised them to improve efficiency.