In Nigeria, privatization and commercialization policies were introduced to
- hand over the control of commercial ventures to citizens
- increase the asset base of government
-
divest government major control of commercial ventures
- allow government control of the private sector
The correct answer is: C
Explanation
In Nigeria, privatization and commercialization policies were introduced to divest government major control of commercial ventures.By effecting privatization, the government achieves some economic objectives and policy measures.
Privatization of public enterprise can make them less dependent on government for funding, since they will now work to generate enough profit for self-sustenance.
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