The
various types of Public Enterprises that have emerged in the country since
political independence may be classified into four [4] categories viz:
-
PUBLIC UTILITIES: These
are enterprises that produce infrastructural goods and services like
Electricity, water, telecommunication etc. for which they are not expected to
charge commercial rates.
-
STATUTORY CORPORATIONS:
These are Enterprises which produces collective goods and services such as
railways, ports, harbors, housing, transport, river basin development etc.
-
LIMITED LIABILITY COMPANIES: These are Public Enterprises that operate under the
companies enactments in a competitive market and are expected to be financially
viable and profit generating, Example, commercial, merchant and development
banks, insurance companies, oil refineries, textiles etc.
-
SERVICE: These
are Enterprises in which the degree of Government ownership and control tends
to be total and whose activities are justifiable not business or market
oriented and therefore cannot be self sustaining or profit generating. For
example, Educational institutions, hospitals etc.