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JAMB Government 1995 Question 36

Question 36

Public Corporations

Privatization of public corporations in Nigeria implies

  1. A.government divestment from the companies
  2. B.the public take-over of companies
  3. C.the autonomy of government companies
  4. D.the commercialization of public corporations
Show the answer and explanation

Answer: A (government divestment from the companies)

Explanation

Privatization means government sells (divests) its shares in public enterprises to private owners.