GOVERNMENT
JAMB 2017 - Question 6
Government 2017 JAMB Past Questions - Question 6: One of the demerits of the privatization of public corporation in Nigeria is
Choose the most appropriate option for the gap .
A:
B:
C:
D:
Correct Answer
B
Explanation
Oneof demerits of the privatization of public corporations in Nigeria is highercost of goods and services. Prices of goods and services tend to be higher withprivatization. Some social infrastructural facilities may be beyond the rich ofan average man in the country. Another disadvantage of privatization is that itmay tend towards profit maximization which is characteristic of suchbusinesses.
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