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

Your School's Whatsapp Group - Join Us now

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

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.

Previous Next

Go back to Econs classroom

Report an Error Ask A Question Download App

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

professor John is the leader of the ________ committee to review the new book? Answer this

1 Answers · English Language · 3 months ago
His contract was ---- because of irregularities in his contract You picked annulled over terminated and I want to know... Answer this

1 Answers · English Language · 2 months ago
whats is the difference between phrase and clause? Answer this

2 Answers · English Language · 3 days ago

The aim of indigenization policy was to

Correct Answer: Option D

Explanation

Contributions ({{ comment_count }})

Please wait...

Modal title

Report

Block User

{{ feedback_modal_data.title }}

Quick Questions

Post your Contribution

Sign In