The type of business organizations mostly used for producing public goods in Nigeria is
Answer Details
The type of business organization mostly used for producing public goods in Nigeria is Statutory Corporations. This is because public goods are typically non-excludable and non-rival, and therefore cannot be efficiently provided by private firms seeking to make a profit. Instead, the government or statutory corporations are better positioned to produce and provide public goods, such as public infrastructure, healthcare, and education. Statutory corporations are created by Acts of Parliament and are usually established to provide specific public services or to undertake specific projects on behalf of the government. Examples of statutory corporations in Nigeria include the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Ports Authority (NPA).