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JAMB Economics 1980 Question 26

Question 26

Public Finance

Which is NOT a method of raising capital funds in Nigeria?

  1. A.Borrowing from abroad
  2. B.Internal borrowing
  3. C.Nigerianization of foreign companies
  4. D.Gifts from abroad
  5. E.Selling government bonds.
Show the answer and explanation

Answer: C (Nigerianization of foreign companies)

Explanation

Nigerianization transfers ownership of existing firms to Nigerians; it does not bring in new capital funds like borrowing, gifts or bond sales.