Should Revenue-Generating Government Agencies Be Partly Publicly Owned?

Some government agencies generate substantial revenue or have the potential to do so. I believe selected agencies could be restructured to raise funds from investors while the government retains majority ownership and oversight. This could improve efficiency, accountability and service delivery. The model could apply to agencies such as the National Youth Service Corps, Corporate Affairs Commission and Nigerian Communications Commission. Government could keep controlling shares to protect the public interest, while private investors participate in operations and share in profits. For NYSC, I propose that companies seeking corps members should pay an annual registration fee linked to their workforce size. The CAC already earns registration fees, while the NCC has revenue opportunities through telecom regulation and number-porting services. Teaching hospitals and federal medical centres could also be improved into medical-tourism hubs through better funding and management.

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