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PAD406 10/10

1.Privatization involves the sale of government shareholdings in enterprises
To non-governmental entities -institutions or individuals

2. The Privatization and Commercialization Decree No. 25 of the Federal Military government of Nigeria was promulgated in
July 1988

3. Basically, there are two main sources of funding public enterprises which are
Internally generated and externally generated revenues.

4. One of these is not an agent of control of public enterprises
Permanent Secretary of Ministry

5. Commercialization in Nigeria began in
1990

6. The management of public corporations is done through
The management boards and the policy board.

7. Accountability means being answerable for the performance of given responsibilities and according to
The standards or objectives set

8. The principal actors in the management of public corporations are
The Board, the General Manager/Managing Director/ Director General and the Secretary of the board

9. The major purpose of control in public enterprise is
To ensure that the objectives of the public enterprise are achieved.

10. One of these is not part of the problems of commercialization in Nigeria
Adequate preparation of TCPC