Which of the advantages of indigenization policy do you consider as much germane to the Nigerian economy and why?
Answers
Answer:
Advantages of Indigenization
- It creates employment opportunities for the indigenes as indigenous workers occupies post vacated by the foreigners in industries.
- Development of private initiatives.
- It ensures indigenous participation as greater member of the indigenes participate in running of the business in the country .
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Answer:
It creates employment opportunities for the indigenes as indigenous workers occupies post vacated by the foreigners in industries. Development of private initiatives. It ensures indigenous participation as greater member of the indigenes participate in running of the business in the country ...
Indigenization is seen as the process of changing someone to a person of more corroboration towards their surroundings. A large part of that process is the economy of said surroundings. Indigenization has played an important part in the economic roles of society.
The Nigerian Enterprises Promotion Decree or NEPC 1972 as amended in 1977 was meant to effect changes in the ownership structure of businesses in Nigeria and to provide opportunity for indigenous capital to have assertive control of the economy.
Nigeria has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Nigeria is a member of the Economic Community of West African States (ECOWAS).
Explanation:
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