PRIVATISATION AND COMMERCIALISATION ACT

Section 13: Powers of commercialised enterprises.

1988Section 13 of 15Federal Republic of Nigeria

Notwithstanding the provisions of any enactment and without prejudice to the generality of section 12 of this Act enterprises commercialised under the provisions of the Act shall have the power to operate as purely commercial enterprises and may subject to the general regulatory power of the Federal Government -
(a) fix rates, prices and charges for goods and services provided;
(b) capitalise assets;
(c) borrow money and issue debenture stocks; and
(d) sue and be sued in its corporate name.

Cite this section

Section 13, PRIVATISATION AND COMMERCIALISATION ACT (1988).

https://repo.podus.ai/laws/privatisation-and-commercialisation-act/section/13/