The central objective of privatization in Nigeria is to
Reduce the retrenchment of workers
Encourage prompt payment of salaries
Improve standard of living
Improve the efficiency of enterprises
Correct answer is D
The principle for privatization in Nigeria commenced in 1999 with the aim to diversify totally or partially, the shares owned by the Federal Government, its agencies and parastatals in public. enterprise active or dormant. The primary goal of the privatization in Nigeria is to reduce the dominance of the public sector and to re-structure and rationalize the public sector in order to lessen the dominant unproductive investment in that sector.