Concept:Privatisation is the transfer of government-owned enterprises to private individuals or organisations. The main demerit is its effect on the consumers of the goods and services.
Explanation:Private companies generally aim to make profit.
When public corporations in Nigeria are privatised, private investors take over their management.
These investors must cover operational costs and satisfy their shareholders.
To achieve this, they often increase the prices of goods and services.
A government may run such corporations with the welfare of the citizens in mind and may subsidise prices.
After privatisation, those subsidies are removed.
Consequently, consumers end up paying higher costs for items like electricity, water, and transport.
Thus, the tendency of private owners to raise prices in order to maximise profit leads to a higher cost of goods and services.
Answer:B. higher cost of goods and services