PUBLIC ENTERPRISES
CONTENT
- Meaning of Public Enterprise
- Characteristics/Features of Public Enterprise
- Formation and Management of Public Enterprises
- Source of Capital for Public Enterprises
- Reasons for Government Ownership of Public Enterprises
- Advantages and Disadvantages of Public Enterprises
Meaning of Public Enterprise
A public enterprise is a business set up and managed by government with the sole aim to provide essential services to the public. It is also known as public corporation. Examples of public enterprises are NITEL, PHCN, Nigerian Airways, Nigerian Railway Corporation etc.
Characteristics/Features of Public Enterprise
(i) They are owned by government of a state or country
(ii) The capital used to establish public enterprise is provided by the government
(iii) They are established by an act of parliament or a decree under the military government.
(iv) They are set to not to make profit but to provide essential services to the public
(v) Most of them operate as monopoly
(vi) They are managed by board of directors appointed by the government
(viii) They render essential services to the general public.
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ClassHall Instructor
Halima Ahmadu