This question is based on ‘The Lekki Headmaster’. What did Mr Audu contribute to the meeting after the grammatical error was resolved?
This question is based on ‘The Lekki Headmaster’.
What did Mr. Audu contribute to the meeting after the grammatical error was resolved?
Explanation
Public corporations (government enterprises) face problems: political interference (appointments based on politics not merit), inefficiency (no profit motive driving performance), overstaffing, bureaucracy, poor customer service.
Financial problems: operate at loss, depend on government bailouts, prices may not cover costs (social objectives). Corruption: procurement fraud, ghost workers, mismanagement. Nigeria privatized many to address these issues.
Reform options: privatization (sell to private sector), commercialization (run on business principles while government owns), public-private partnerships. Each approach has supporters and critics.