The main reason for the current programme of privatization and commercialization of public enterprises in Nigeria is to?

Answer Details

The main reason for the current programme of privatization and commercialization of public enterprises in Nigeria is to encourage efficiency in the performance of such enterprises. Privatization involves the transfer of ownership and control of public enterprises from the government to private individuals or corporations. Commercialization, on the other hand, involves the operation of government-owned enterprises on a commercial basis, with the aim of making them more efficient and profitable. By transferring ownership and control to private individuals or corporations, the government hopes to improve the performance and profitability of these enterprises. This can lead to increased productivity, job creation, and ultimately, economic growth.