Privatization and Commercialization in the Nigerian Economy

Privatization and Commercialization in the Nigerian Economy

PRIVATIZATION AND COMMERCIALIZATION

This two words are synonymous. But just as no two synonyms mean perfectly the same thing, there is a difference between the two of them; a difference that could make all the difference. Privatization have already been defined and reasoned that it became necessary in order to eliminate wastage of scarce resources through effective financing and management to be realized, there must be expertise, and a sense of commitment. Privatization and commercialisation, though having the same objective, have different approaches. [Read more…]