The first Nigerian enterprises promotion decree was promulgated in

JAMB Commerce 2024 129 views
Source: JAMB · 2024

The first Nigerian enterprises promotion decree was promulgated in

  1. 1972
  2. 1973 ✓
  3. 1974
  4. 1977
Explanation

The Nigerian Enterprises Promotion Decree of 1973 promoted Nigerian ownership of businesses.

It required certain businesses to be owned by Nigerians, not foreigners.

This was called the Indigenization Decree and was revised in 1977.

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