The Problems of Financing Government Corporations

The Problems of Financing Government Corporations

Overview of Government Corporation Finance – Nigeria has a mixed economic system in which both the private and public enterprises exists side by side.  Private enterprises are characterized by consumer governor and producer profit motive, whereas the public sector is characterized by the revenue and expenditure pattern of governmental budgeting.  The need for the public sector arises because of the inefficiency of the market system in the production, allocation and distribution of economic goods and services to the citizenry.  Therefore, the function of the public sector centers on allocation of economic goods, distribution, regulation and stabilization of the economy. [Read more…]