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Public Corporations: Government in Business and Public Service

What are Public Corporations and why does the government run businesses like the NNPC, NPA, or various Water Boards? In this lecture, we break down the structure, functions, and challenges of these essential statutory bodies. This video is designed to help secondary school students understand the balance between government control and public service delivery. In this lecture, we cover: Definition & Characteristics: What makes a Public Corporation different from a private company or a government department? Reasons for Establishment: From providing essential services to preventing private monopolies. Organizational Structure: The role of the Board of Directors and the Supervising Ministry. Financing & Control: How these bodies are funded by taxpayers and held accountable by the government. The Challenges: An honest look at bureaucracy, political interference, and the move toward privatization. Key Concepts: Statutory Bodies, Public Utilities, Boards of Directors, and Accountability. #PublicCorporations #GovernmentClass #CivicEducation #WAEC #NECO #SocialStudies #NigeriaEducation #PublicService #BusinessStudies