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SS2: GOVERNMENT - 1ST TERM

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  1. Electoral Process | Week 1
    5 Topics
    |
    1 Quiz
  2. Types of Electoral Process | Week 2
    5 Topics
    |
    1 Quiz
  3. Electoral Process Continues - Proportional, Representation, Repeated Ballot, Direct and Indirect Elections | Week 3
    5 Topics
    |
    1 Quiz
  4. Ballot Systems | Types of Voting | Week 4
    3 Topics
    |
    1 Quiz
  5. Organization of Election | Week 5
    4 Topics
    |
    1 Quiz
  6. Electoral Commission and Electoral Officers | Week 6
    4 Topics
    |
    1 Quiz
  7. Public Opinion and Mass Media | Week 7
    6 Topics
    |
    1 Quiz
  8. Civil Service | Week 8
    6 Topics
  9. Personnel Administration in the Civil Service | Week 9
    5 Topics
    |
    1 Quiz
  10. Public Corporation | Week 10
    9 Topics
  11. Commercialization, Privatization and Deregulation of Public Corporations | Week 11
    4 Topics
    |
    1 Quiz



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Lesson 10, Topic 1
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Meaning and Purpose of Setting up a Public Corporation

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Meaning of Public Corporation:

Public Corporation is a government enterprise set up by an Act of Parliament to provide essential services to the people at a minimal cost e.g. Federal Radio Corporation, Nigeria Television Authority, Federal Airport Authority of Nigeria, etc.

State or Federal governments can set up Public Corporations, but they are organized like private business enterprises. It usually has a Board of Directors that gives policy guidelines and a team of management that administers the corporation daily. These corporations render essential services to the general public at cheaper rates. The main reason for enterprising is to render services at minimal rates to the people. 

Purpose of Setting Up Public Corporation:

Public Corporations  are set up to provide:

(i) Essential services to the people at minimal cost to the general public.

(ii) The government may establish Public Corporations for the purpose of generating revenue.

(iii) It is an avenue to create Job opportunities for the citizenry.

(iv) It is established to prevent the exploitation of the members of the public by greedy businessmen whose main aim is to maximize profit.

(v) It is set up to prevent foreign control of the economy.

(vi) It is also set up to ensure a constant supply of social amenities.

(vi) It is also set up to enhance the standard of living of the people.

(vii) They are huge investments that are capital intensive and may be beyond the reach of individuals.

(viii) It is also set up to undertake strategic projects which the government may not want private businessmen to venture into.

(ix) Government set up some Public Corporations for propaganda e.g. Nigeria Television Authority, Radio Corporations, etc.

(x) The government set them up to carry out some duties that require quick action which Ministries cannot quickly or effectively carry out due to bureaucracy.

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