Analysis of Nigeria indigenization policy?

Percepto

5 years ago

Following decolonization, aspirations of economic independence and self-determination became pronounced and began to earn broad base support. An indigenisation policy championed by bureaucrats and Nigerian businessmen was pursued within the Federal Government's National Development Plan for 1970–74. In February 1972, the Nigerian Enterprises Promotion Decree was promulgated to be effective in April 1974. The new legislation was planned to give Nigerians more access to surplus income of businesses, shift foreign investment to highly technical areas and promote indigenous businesses.