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Corporatization is the process of transforming and restructuring state assets, government agencies, public organizations, or municipal organizations into corporations. It involves the adoption and application of business management practices and the separation of ownership from management through the creation of a joint-stock or shareholding structure for the organization. The result of corporatization is the creation of state-owned corporations where the government retains a majority ownership of the corporation's stock. Corporatization is undertaken to improve efficiency of an organization, to commercialize its operations, to introduce corporate and business management techniques to public functions, or as a precursor to partial or full privatization.
The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, infrastructure, public transit, public education, along with health care and those working for the government itself, such as elected officials. The public sector might provide services that a non-payer cannot be excluded from, services which benefit all of society rather than just the individual who uses the service. Public enterprises, or state-owned enterprises, are self-financing commercial enterprises that are under public ownership which provide various private goods and services for sale and usually operate on a commercial basis.
A State-Sponsored Body is the name given in Ireland to a state-owned enterprise, that is to say, a commercial business which is beneficially owned, either completely or majority, by the Irish Government. Each state-sponsored body has a sponsor Minister who acts as shareholder, either independently, or in conjunction with the Minister for Finance, who may also be a shareholder. State-sponsored bodies are often popularly called semi-state companies, a misnomer, since they are all (mostly) fully owned by the state, in addition not all of them are actually companies.
Nasir Ahmad el-Rufai is a Nigerian politician who served as governor of Kaduna State from 2015 to 2023. He had served as minister of the Federal Capital Territory from 2003 to 2007. El-Rufai also served as director of the Bureau of Public Enterprises. He is a founding member of the ruling party All Progressives Congress.
The Power Holding Company of Nigeria (PHCN), formerly the National Electric Power Authority (NEPA), was a power company owned by the government of Nigeria. It represented Nigeria in the West African Power Pool. During the era when it operated as NEPA, the company managed a football team, NEPA Lagos.
Education in Nigeria is overseen by the Federal Ministry of Education. The local authorities take responsibility for implementing state-controlled policy regarding public education and state schools. The education system is divided into Kindergarten, Primary education, Secondary education, and Tertiary education. Nigeria's federal government has been dominated by instability since declaring independence from Britain, and as a result, a unified set of education policies is yet to be successfully implemented. Regional differences in quality, curriculum, and funding characterize the education system in Nigeria. Currently, Nigeria possesses the largest population of out-of-school learning youths in the world. The educational systems in Nigeria are divided into two the public where the student only pays for Parents Teachers Association (PTA) while the private where students pay school fees and some other fees like sports, exam fees, computer fees etc. and they are costly
Hamza Rafindadi Zayyad (1937–2002) was the former head of the Technical Committee on Privatization and Commercialization in Nigeria. The Committee was designed to strengthen government's control of the direction of the country's then nascent privatization exercise.
The Bureau of Public Enterprises (BPE) is a government agency in Nigeria, responsible for implementing policies on privatisation and commercialisation. The Bureau was created by the Public Enterprises Act of 1999. The organisation's main goal is to implement the Nigerian federal government's programme of privatising public enterprises, carrying out sector reforms and liberalization of key economic sectors especially the infrastructure sector.
The Democratic Socialist Movement (DSM) is a Trotskyist political party in Nigeria. It is affiliated to the Committee for a Workers' International.
The Nigerian Coal Corporation (NCC) is a Nigerian parastatal corporation responsible for mining and selling coal. It is based in Enugu.
Privatization in Russia describes the series of post-Soviet reforms that resulted in large-scale privatization of Russia's state-owned assets, particularly in the industrial, energy, and financial sectors. Most privatization took place in the early and mid-1990s under Boris Yeltsin, who assumed the presidency following the dissolution of the Soviet Union.
Shamsuddeen Usman,, is a Nigerian economist, banker, technocrat and public servant. He is currently the CEO of SUSMAN & Associates, an economic, financial and management consulting firm headquartered in Nigeria. He was the Finance Minister of Nigeria between June 2007 and January 2009 and also served as the Minister of National Planning from January 2009 to September 2013. Usman is the Chairman of Citibank Nigeria Limited.
Bassey Ewa-Henshaw is a Nigerian politician who was elected Senator for the Cross River South constituency of Cross River State in 2003, and was reelected in 2007.
Rilwan Lanre Babalola was appointed Nigerian Minister of Power on 17 December 2008 after a cabinet shuffle by President Umaru Yar'Adua. He left office in March 2010 when Acting President Goodluck Jonathan dissolved his cabinet.
The Lead City University of Ibadan, also known as LCU, is a private university located in Ibadan, Oyo State, Nigeria.
Anthony Onyemaechi Elumelu is a Nigerian economist, banker and philanthropist. He chairs Heirs Holdings, Transcorp, United Bank for Africa (UBA) and is the founder of The Tony Elumelu Foundation.
The privatisation process in Pakistan, sometimes referred to as denationalisation programme or simply the privatisation in Pakistan) is a continuous policy measure program in the economic period of Pakistan. It was first conceived and implemented by the then-people-elected Prime Minister Nawaz Sharif and the Pakistan Muslim League, in an attempt to enable the nationalised industries towards market economy, immediately after the economic collapse of the Soviet Union in 1989–90. The programme was envisaged and visioned to improve the GDP growth of the national economy of Pakistan, and reversal of the nationalisation programme in 1970s— an inverse of the privatisation programme.
Egbin Power Plc is the largest power generating station in Nigeria with an installed capacity of 1,320 MW consisting of 6 Units of 220MW each. The station is located at Ijede / Egbin, in Ikorodu, It is about 40 km north east of the city of Lagos, and is situated on low land in egbin & ijede and bounded by the Lagoon to the south, Agura/Gberigbe to the north and situated in Ijede Local Council Development Area.
Nicholas Chika Ezeh is a Nigerian political economist, politician and entrepreneur. Ezeh wrote the commercialization proposal for the Lagos International Trade Fair Complex at Lagos in 1993. After the promulgation of Decree No. 68 of 1993 which gave birth to the Lagos International Trade Fair Complex Management Board (LITFCMB), he became a concessionaire of the Lagos International Trade Fair Complex in 2007. He is the Founder of the Aulic Group of Companies which interests are Infrastructural Investment/Development and Economic Management. Ezeh was the first president of Sun-Rise Club of Inyi town in Enugu State, noted for noticeably developing the town. He is the President and Founder of the Institute of African Studies at the International Personnel Academy, Kiev- Ukraine. He was the acting national chairman of the Police Community Relations Committee (PCRC), Nigeria. He is the National Deputy Chairman (South), Police Community Relations Committee (PCRC), Nigeria. Ezeh was Senatorial Candidate under Labour Party, Enugu West, during the 2011 Nigerian Senate elections in Enugu State, and also Senatorial Candidate under the All Progressives Congress party, Enugu West, during the 2023 Nigerian Senate elections in Enugu State. He was awarded "honorary professor" by the Academic Council of the International Personnel Academy, Kiev- Ukraine on May 17, 2010.
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