The policy of ‘indigenization’ was introduced under the regi…

JAMB Government 2023 128 views
Source: JAMB · 2023

The policy of ‘indigenization’ was introduced under the regime of?

  1. General Sani Abacha
  2. General Olusegun Obasanjo
  3. General Yakubu Gowon ✓
  4. General Ibrahim Babangida
Explanation

General Yakubu Gowon introduced the indigenization policy in the early 1970s. This policy required Nigerian ownership of businesses operating in Nigeria.

The other military leaders ruled at different times. But Gowon specifically created this economic nationalism policy.

Indigenization aimed to give Nigerians more control over their economy after years of foreign business dominance.

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