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Firms & Industry4 Topics
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Firms & Industry (Business Organisation)5 Topics1 Quiz
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Population Theory I3 Topics
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Population Theory II3 Topics
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Population3 Topics
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Population Distribution4 Topics
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Population Census3 Topics1 Quiz
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Labour Market3 Topics1 Quiz
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The Nature of the Nigerian Economy4 Topics1 Quiz
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Agriculture4 Topics1 Quiz
Topic Content:
- Definition of Public Corporations
- Characteristics of Public Corporations
- Objectives of Public Corporations
- Problems of Public Corporations
- Advantages of Public Corporations
- Disadvantages of Public Corporations
A public corporation is a business organisation that is owned and run by the government. This is a unit that is established to provide services to the public and not for profit purposes. The business unit that is controlled or owned by the local government is called a municipal enterprise .
It is established by the act of parliament or decreeA decree is an official order given by a government or by a person with power. For example, the president can issue a decree making a particular day a national holiday.... More. Public corporation is supervised by the federal government and controlled by boards of directors appointed by the government
Examples of public corporations include the Nigeria Port Authority (NPA), Nigerian Television Authority (NTA), Nigerian National Petroleum Corporation (NNPC), Waterboard (Lagos State Water Corporation), National Electric Power Authority (NEPA), Nigerian Railway Corporation (NRC), etc.
Characteristics of Public Corporations:
1. The government provides capital for the running of the enterprise.
2. They are established either
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