Section 14: Interpretation.

In this Act, unless the context otherwise requires -
"commercialisation" means the re-organisation of enterprises wholly or partly owned by the Federal Government in which such commercialised enterprises shall operate as profit-making commercial ventures and without subventions from the Federal Government and
"commercialise" shall be construed accordingly;
"enterprises" means any corporation, board, company or parastatal established by or under any enactment in which the Federal Government, or any of its Departments, Ministries, or agencies has ownership or equity interest and shall include a partnership, joint venture or any other form of business arrangement or organisation;
"functions" include powers and duties;
"members" include the Chairman;
"privatisation" means the relinquishment of part or all of the equity and other interests held by the Federal Government or its agency in enterprises whether wholly or partly owned by the Federal Government,and "privatise" shall be construed accordingly;
"Technical Committee" means the Technical Committee on Privatisation and Commercialisation established by Section 3 of this Act.