Question 20
Economic Growth and DevelopmentNigeria indigenization decree was promulgated in order to
- A.allow indigenes to have full participation in the economic activities of the country
- B.drive away foreigners
- C.give equal chances to indigenes and foreigners in making economic decisions in the country
- D.give industrial training to indigenes
- E.indigenes expose the economic activities of the country.
Show the answer and explanation
Answer: A (allow indigenes to have full participation in the economic activities of the country)
Explanation
The indigenisation decrees aimed to transfer ownership and control of businesses to Nigerians so they take full part in the economy.