Answer:
1 Increase the price of goods and services, the price of goods and services will go up since private owners can only make profit by charging reasonable price against government who usually render assistance for the people.
2 It may cause unemployment in Nigeria due to private owner that is in control now, what i mean is this private owner may want to increase their profit, and for them to meet up with maximize profit, they will have to reduce workers. and this may also lead youths into arm robbery and prostitutions.