A major consequence of the privatization exercise in Nigeria is?

A. the collapse of the Nigerian economy
B. reduction in foreign exchange
C. hıgh rate of indebtedness
D. mass retrenchment of labour

Correct Answer:

Option D – mass retrenchment of labour

Explanation

The sole aim of Privatization is profit-making. There is often a reduction of costs or spending and mass retrenchment of labour in response to economic difficulty.