A State Corporation is a body corporate established under Section 3 of the State Corporations Act, Cap 446, or by an act of Parliament, or under the Companies Act, Cap 486 where the Government controls majority or all of the Shares. Further, a subsidiary of a state corporation is a state corporation.
State corporations are classified into 8 broad functional categories based on mandate and core functions. These include;-
- Public Universities
- Training and Research
- Regional Development Authorities
- Tertiary Education and Training