The National Electric Power Authority (NEPA) now PHCN, the Nigerian Railway and the Nigerian Ports Plc are examples ofQuestion 2Answera.Parastatalb.Industryc.Ministryd.Corporation
Question
The National Electric Power Authority (NEPA) now PHCN, the Nigerian Railway and the Nigerian Ports Plc are examples ofQuestion 2Answera.Parastatalb.Industryc.Ministryd.Corporation
Solution
The National Electric Power Authority (NEPA) now PHCN, the Nigerian Railway and the Nigerian Ports Plc are examples of a. Parastatal.
Parastatals are government-owned agencies or organizations that are involved in commercial activities. They operate independently or semi-independently from the government and are expected to generate their own revenues. In Nigeria, NEPA (now PHCN), the Nigerian Railway, and the Nigerian Ports Plc are all examples of parastatals. They are established by the government to provide specific services to the public.
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