The aim of indigenization policy was to

Economics

NECO 2003

A. build more industries in the economy
B. increase the drain in foreign exchange
C. increase foreign domination of the economy
D. increase the participation of Nigerians in commerce and industry
E. send all the foreigners away from Nigeria

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Correct Answer: Option D

Explanation

Indigenization is the transfer of ownership and control of business enterprises from foreigners to indigenes. It is aimed at increasing the participation of indigenes in commercial activities while reducing the presence of foreign players.

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The aim of indigenization policy was to

Correct Answer: Option D

Explanation

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