1976 Local Government Reforms | Nigeria
Posted inGovernment & Politics

1976 Local Government Reforms | Nigeria

The decision by the federal government to reform the local government system in the country in 1976 did not really come as a surprise. Before then, the local councils had little bearing on the lives of the local people as there was little to write home about their performance.
Corporatocracy: Definition & Features
Posted inGovernment & Politics

Corporatocracy: Definition & Features

Corporatocracy refers to a political system that is controlled by corporations or corporate interests. In corporatocracy, individuals are appomted to rule the state by another set of individuals that constitutes the shareholder or rather those who top in the hierarchy of stakeholders.
Difference Between Privatization and Commercialization
Posted inDifference Between Economics Government & Politics

Difference Between Privatization and Commercialization

Privatization is a policy of the government created to afford individuals, corporate bodies, the opportunity to take over ownership and control of government enterprises, companies, etc. while Commercialization is a state policy of making its companies, enterprises, parastatals, etc, more efficient and even more profit oriented. It will also make these organisations come up with efficient management of resources.