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WAEC Commerce 1997 Question 87

Question 87

Government and Business

Which of the following is not one of the aims of indigenization? To

  1. A.reduce the remittance of profits aborad
  2. B.increase the control of the government over its economy
  3. C.expose the indigenes to different business enterprises
  4. D.discourage foreign investors
  5. E.encourage joint ventures among foreigners and indigenes
Show the answer and explanation

Answer: D (discourage foreign investors)

Explanation

Indigenisation aimed to increase local control, not to drive away foreign investment.