In Nigeria; privatization and commercialization policies were introduced to?

A. hand over the control of commercial ventures to citizens
B. increase the asset base of government
C. divest government major control of commercial ventures
D. allow government control of the private sector

Correct Answer:

Option C – divest government major control of commercial ventures

Explanation

In Nigeria, privatization and commercialization policies were introduced to divest the government’s major control of commercial ventures.

By effecting privatization, the government achieves some economic objectives and policy measures.

Privatization of public enterprises can make them less dependent on the government for funding since they will now work to generate enough profit for self-sustenance.