Merits and demerits of privatization in Nigeria. - SS2 Government Past Questions and Answers - page 1

Improved efficiency

Potential monopolies

To attract private investment

Job losses

Improved service quality

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.

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.