What is the main source of funding for public corporations in Nigeria?
GOVERNMENT
JAMB 2023
What is the main source of funding for public corporations in Nigeria?
- A. Government budget allocations
- B. Foreign aid
- C. Revenues generated from their operations
- D. Donations from private companies
Correct Answer: A. Government budget allocations
Explanation
The main source of funding for public corporations in Nigeria is Government budget allocations. Public corporations are owned and operated by the government, and their operations are funded through the government's budget. This is different from private corporations, which are funded through private investments and revenues generated from their operations.
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