Gov’t finetunes plans for parastatal rationalisation

Parastatals are divided into commercial and non-commercial, the former being those expected to run on a profitable or 'going concern' basis and the latter being those that, by the nature of their activities, exclusively rely on support from government for sustenance.

Parastatals are key to service delivery in the country and even those running as strictly public services are required to operate at high efficiency to minimise the level of government expenditure on them and wastage of taxpayer funds.