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WEEK 10
TOPIC: Public Enterprises
CONTENT:
Sub-Topic 1: Meaning of Public Enterprise
Public enterprise is a business set up and managed by government with the sole aim to provide essential services to the public. It is also known as public corporation. Examples of public enterprises are NITEL, PHCN, Nigerian Airways, Nigerian Railway Corporation etc.
Characteristics/Features of Public Enterprise
Formation and Management of Public Enterprises.
Public Enterprise or Public corporations are set up by an act of parliament at the federal level and by an edict at the state level. The law establishing these corporations states the objectives, aims and the specific functions and powers of the corporations. The law also states how the corporations will be managed.
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