Theory question 103
Public CorporationsIn what five key ways can the government of Nigeria innovate to ensure that State Owned Enterprises remain relevant to the development of the state?
Show the model answer
Model answer
Any five: appoint boards and managers on merit; reduce political interference; adopt modern technology and e-governance; invest in research, innovation and retooling; strong corporate governance and periodic audits; customer-focused service; partial commercialisation/public-private partnerships; better staff training and conditions; focus on core mandate and diversify revenue; transparent financial management.
Explanation
Five practical measures.