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WAEC Commerce 1993 Question 25

Question 25

Government and Business

Which of the following are advantages of indigenization?
I. The economy is controlled by the nationals
II. Entrepreneurial skill is developed
III. Foreigners are encouraged to invest in Nigeria
IV. The standard of living of the indigenes is improved

  1. A.I and II only
  2. B.I, II and III only
  3. C.III and IV only
  4. D.II and IV only
  5. E.I, II and IV only
Show the answer and explanation

Answer: E (I, II and IV only)

Explanation

Indigenisation puts control in Nigerian hands, builds local business skills and raises local incomes; it does not encourage foreign investment.