Structure of Local Government in Nigeria
Posted inGovernment & Politics

Structure of Local Government in Nigeria

The local governments in Nigeria are directly under the control and supervision of state governments. The state governments exercise their authority over the local councils through the Ministry of Local Government which was once abolished and later reinstated.
Federal Character Principle in Nigeria
Posted inGovernment & Politics

Federal Character Principle in Nigeria

Federal character is a principle of representativeness in which the muiuncnt, promotion and distribution of state resources are aimed at establishing a fair balance of ethnic and regional representation in all federal government agencies and parastatals.
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.