Performance of Nigerian Public Corporations in the 21st Century: Challenges and Future Need for Rationalization

Abstract

The existence of Public corporations can be identified in the ancient, medieval and contemporary eras. But, each era doesn’t pass without making its unique inclusions to the nature and function of public corporations. This analytical paper examines the challenges of public corporation in the 21st century, from the Nigerian perspective. This paper recommends an effective rationalization exercise to be done on Nigerian public corporations to brace up to the dynamics of 21st century. Rather than privatization, there should be a restructuring of the economic order to encourage a healthy competition between the public corporations and private ones, with the central aim of service delivery to the general public.