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
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
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indigenization policy was amended, repealed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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