Discuss Three Problems of Public Corporation

Require Large Capital: The cost of establishing a public corporation is very high, i.e large capital is involved.
Inefficiency In Operation: Lack of competition can bring about inefficiency in business operation.
Not Profitable: Most public enterprises are run at a loss because they are too large and complex to manage.
Wastage: In public enterprises, wastes are not acknowledged because they believe that the loss do not affect them but rather only those paying tax.
Government Interference: Government can interfere in the activities of public enterprises through the appointment of unqualified and incompetent people as board members.
Corruption And Mismanagement: Many public enterprises in Nigeria have become the major areas for embezzlement and mismanagement of the nation’s resources.

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