Question on: JAMB Government - 2022
A major consequence of the privatization exercise in Nigeria is
A
the collapse of the Nigerian economy
B
reduction in foreign exchange
C
hıgh rate of indebtedness
D
mass retrenchment of labour
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Correct Option: D
Option D is the correct answer.
Profit-making is the only objective of privatisation. In response to economic problems, there is frequently a reduction in expenditures or spending and a mass retrenchment of labour.
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