Legislative control of public corporation in Nigeria is effected through
Answer Details
Legislative control of public corporations in Nigeria is effected through acts of the National Assembly.
A public corporation is a government-owned organization that operates in the public interest and is established by an Act of Parliament or other legislation. These corporations perform various functions, including providing essential services, promoting economic development, and managing public assets.
In Nigeria, the National Assembly, which is made up of the Senate and the House of Representatives, has the power to pass acts that regulate the establishment, operation, and management of public corporations. These acts set out the legal framework for the operation of these corporations and define the powers and responsibilities of their boards and management.
The National Assembly also has the power to oversee the operations of public corporations and hold them accountable for their performance. This oversight is carried out through various means, including the review of their budgets and annual reports, the summoning of their management to appear before legislative committees, and the investigation of any issues of concern.
In summary, legislative control of public corporations in Nigeria is effected through acts of the National Assembly. These acts regulate the establishment, operation, and management of public corporations and define the powers and responsibilities of their boards and management. The National Assembly also exercises oversight over public corporations and holds them accountable for their performance.