The Nigeria Enterprises promotion Decree brought about policy

JAMB Commerce 2024 135 views
Source: JAMB · 2024

The Nigeria Enterprises promotion Decree brought about policy

  1. indigenization ✓
  2. industrialization
  3. nationalization
  4. privatization
Explanation

The Nigeria Enterprises Promotion Decree of 1972 was about indigenization. It required Nigerians to own parts of businesses in the country.

Nationalization means government takes over businesses. Privatization means selling government businesses to private people.

Indigenization puts business ownership in the hands of local citizens.

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