The commercialization of public corporations in Nigeria refers to the process of transforming state-owned enterprises into profit-driven entities by allowing them to operate with greater autonomy and efficiency, akin to private businesses. This often involves restructuring their management, improving operational practices, and implementing market-driven policies. The aim is to enhance service delivery, reduce government financial burdens, and attract private sector investment. However, challenges such as regulatory issues and corruption can hinder the effectiveness of commercialization efforts.
NNPC National Coal Corporation
what do you understand by the terms privatization and commercialization in nigeria
Objective of Privatization and Commercialization in Nigeria. 1. To re-structure and rationalize the public sector in order to lessen the dominant unproductive investment in that sector. 2. To re-orientation the enterprises privatization and commercialization towards a new horizon of performance improvement, viability and overall efficiency. 3. To ensure positive return in public sector improvement enterprise. 4. To check the present absolute depence on the treasury of funding by otherwise commercially oriented and currently approach to the Nigeria market.
Nigeria Deposit Insurance Corporation was created in 1988.
The Joint Admissions and Matriculation Board (JAMB) is not a public corporation; it is an agency of the Federal Government of Nigeria. Established in 1978, JAMB is responsible for conducting entrance examinations for tertiary institutions in Nigeria. It operates under the Ministry of Education and aims to streamline the admissions process into universities, polytechnics, and colleges of education.
Lagos, Nigeria
The restructuring and commercialization render public enterprises attracts more potential investors because they are able to publicize the company and the investments.
Commercialization is the process of making a business or product more public. Privatization is the opposite process in terms of conducting the business.
Privatization is used in government terms. It is when a government program goes from being government run to being run by a private corporation. Commercialization is when something new is put on the market. This can be a product or service.
lagos
the nigeria public sector
public corporation is a lad and public enterprise is his cousin