How to Make Public Corporations more Efficient
(i) Effective Supervisory role of the Minister, Commissioner, will make it more accountable.
(ii) Adequate Funding: Availability of funds and resources will help the enterprise to provide its services efficiently and effectively.
(iii) Regular Staff Training: Regular techniques, skills, and strategies will Improve productivity and efficiency.
(iv) Research: Public Corporations should embark on research, good research results will increase productivity.
(v) Regular Audit of Accounts: Regular and proper auditing of accounts of corporations will stamp out fraud and mismanagement of funds. Audits of accounts should be carried out by both internal and external auditors.
(vi) Government or Political Interference in the daily management of public corporations should be reduced to the barest level.
(vii) Appointment, Employment, and Contracts should be based on Merit. This will improve the quality of staff and services provided.
(viii) Public Corporations should be exposed to competition to increase the quality of service.