Merits and demerits of privatization in Nigeria. - SS2 Government Past Questions and Answers - page 1
What is a potential benefit of privatization in Nigeria?
Increased government spending
Improved efficiency
Increased corruption
What is a potential negative impact of privatization in Nigeria?
Reduced government spending
Potential monopolies
Increased job opportunities
What is a potential reason for privatization in Nigeria?
To increase government control
To reduce competition
To attract private investment
What is a potential demerit of privatization in Nigeria?
Increased regulation
Reduced corruption
Job losses
What is a potential benefit of privatization for consumers in Nigeria?
Increased prices
Reduced competition
Improved service quality
What is privatization and what are some potential benefits and demerits of implementing it in Nigeria?
Privatization is the process of transferring ownership or control of a government-owned or state-owned enterprise, asset or service to the private sector. Potential benefits of privatization in Nigeria include increased efficiency, increased investment, improved service quality, and reduced government spending. Potential demerits of privatization in Nigeria include job losses, potential monopolies, corruption, inadequate regulation, and limited public access.
What are some factors that can impact the effectiveness of privatization in Nigeria?
Some factors that can impact the effectiveness of privatization in Nigeria include the sector being privatized, the structure of the privatization process, and the regulatory framework in place.