The main purpose of establishing public enterprise in Nigeria is to?

A. increase government revenue
B. enrich the title
C. provide essential services
D. compete with the private sector

Correct Answer:

Option C – provide essential services

Explanation

The main purpose of establishing public enterprises in Nigeria is to provide essential services.

One of the main reasons for setting up public Corporations is to provide essential services to the masses at a cheaper rate than would have been possible if left in the hands of private entrepreneurs. This also prevents exploitation and discrimination.