Search SchoolNGR

Thursday, 11 June 2026
Register . Login

A major consequence of the privatization exercise in Nigeria is

A major consequence of the privatization exercise in Nigeria is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A The collapse of the Nigerian economy
  • B Reduction in foreign exchange
  • C Hıgh rate of indebtedness
  • D Mass retrenchment of labour
Correct Answer: Option D
Explanation:
The sole aim of Privatization is profit-making. There is often a reduction of costs or spending and mass retrenchment of labour in response to economic difficulty.

Share question on: