A major consequence of the privatization exercise in Nigeria is
GOVERNMENT
JAMB 2022
A major consequence of the privatization exercise in Nigeria is
- A. the collapse of the Nigerian economy
- B. reduction in foreign exchange
- C. h?gh rate of indebtedness
- D. mass retrenchment of labour
Correct Answer: D. mass retrenchment of labour
Explanation
The sole aim of Privatization is profit-making. There is often a reduction of costs or spending and mass retrenchment of labour in response to economic difficulty.
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