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Q: Why public enterprises fail to work in nigeria?
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Continue Learning about Economics

How do property auctions work?

Property auctions work by auctioning properties to the public and one must pay a 10% deposit if they are successful. They are given a set amount of time to pay the rest in full and if they fail they lose the deposit.


What is fundamental of public administration?

Public administration is using government policy and academic discipline to prepare civil servants for work in the public service. The fundamental goal is to advance policies and management so that the government can function.


Why is it difficult for private industry to provide public goods?

Private industries mainly work for profit purpose. If they provide public goods then it has to be priced at lower rates which will diminish their profit margins. Thus, it is difficult for private players to provide public goods.


Are there other public functions that might benefit from more competition including competition from private firms?

Highway departments and public education are two public functions that would benefit from more competition. The incentive to work would be increased in order to keep their jobs.


What is the role of efcc on Nigeria's economy?

Role of efcc The role of EFCC in Nigeria is to curb the menace of the corruption that constitutes the cog in the wheel of progress; protect national and foreign investments in the country; imbue the spirit of hard work in the citizenry and discourage ill gotten wealth; identify illegally acquired wealth and confiscate it; build an upright workforce in both public and private sectors of the economy and; contribute to the global war against financial crimes.The Commission is empowered to prevent, investigate, prosecute and penalise economic and financial crimes and is charged with the responsibility of enforcing the provisions of other laws and regulations relating to economic and financial crimes. While the role of ICPC in Nigeria is to prohibit and prescribe punishment for corrupt practices and other related offences. Section 6 (a-f) of the ICPC Act 2000 sets out the duties of the Commission as paraphrased in the given link below. The EFCC will curb the menace of corruption that constitutes a clog in the wheel of progress; protect national and foreign investments in the country; imbue the spirit of hard work in the citizenry and discourage ill gotten wealth; identify illegally acquired wealth and confiscate it; build an upright workforce in both public and private sectors of the economy and; contribute to the global war against financial crimes.