The Power Holding Company of Nigeria (PHCN) is a ________

  • A Public limited company
  • B Private authority
  • C Public Corporation
  • D Public Liability company
jamb 2021economics

The correct answer is C. Public Corporation

The Power Holding Company of Nigeria (PHCN) is a Public Corporation.

A public corporation is an organisation that is owned and controlled by the government and provides essential public services such as electricity, water, transportation, etc.

The PHCN was established in 2005 as a successor to the National Electric Power Authority (NEPA), which was an organisation governing the use of electricity in Nigeria.

The PHCN was responsible for generating, transmitting, and distributing electricity across the country until it was unbundled and privatised in 2013

Previous question Next question