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Five aims of indigenisation policy in nigeria
The Nigerian indigenization policy (1972) attempts to strengthening Nigeria economy through it aims and objective which include; ? The transfer of ownership and control to Nigerians in respect of those enterprises formally wholly or mainly [ owned and controlled by foreigners. ? Fostering widespread ownership of enterprises among Nigerian citizens. ? The creation of opportunities for
Nigeria indigenous businessmen. 4 ? The encouragement of foreign businessmen and investors to move from the unsophisticated area of economy to the area where large investments are more needed. The 1972 Act that resulted in the indigenization policy was amended, repealed and replaced by the Nigerian Enterprises promotion Act, in 1977.This Act gave birth to the indigenization policy of 1977 ]
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Asked 7/31/2012 7:11:33 AM
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