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GOVERNMENT

JAMB 2010 - Question 36

Government 2010 JAMB Past Questions - Question 36: The main purpose of establishing public enterprises in Nigeria is to

Choose the most appropriate option for the gap .

The main purpose of establishing public enterprises in Nigeria is to

A: compete with the private sector

B: increase government revenue.

C: enrich the elite

D: provide essential services

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Correct Answer

Explanation

The mainpurpose of establishing public enterprises in Nigeria is to provide essentialservices. One of the main reasons for setting up Public Corporations is to provide essential services to the massesat a cheaper rate than would have been possible if left in the hands of privateentrepreneurs. This also prevents exploitation and discrimination.