A government policy that encourages transfer of ownership fr…

JAMB Commerce 2023 192 views
Source: JAMB · 2023

A government policy that encourages transfer of ownership from foreigners to indigenes of the country is known as

  1. nationalisation
  2. privatisation
  3. indigenisation ✓
  4. commercialisation
Explanation

Indigenisation is a policy that moves ownership of businesses from foreigners to citizens. Nigeria used it in the 1970s with the Nigerian Enterprises Promotion Decrees.

Nationalisation moves ownership to the government. Privatisation moves it from government to private owners.

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