What is the main source of funding for public corporations i…

JAMB Government 2023 47 views

What is the main source of funding for public corporations in Nigeria?

  1. Foreign aid
  2. Government budget allocations ✓
  3. Donations from private companies
  4. Revenues generated from their operations

Explanation

Public corporations get most of their money from the government budget. The government gives them money to operate each year.

While some may earn revenue from services, their main funding comes from taxpayer money through the budget.

This government funding lets public corporations provide services even when they do not make profit.

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