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WAEC Economics 1995 Question 37

Question 37

Economic Growth and Development

Which of the following is not an objective of the Indigenisation Policy in Nigeria? To

  1. A.make Nigerians dominate their economy
  2. B.increase Nigerian participation in the economy
  3. C.prevent foreign monopoly of the economy
  4. D.eliminate foreign participation in the Nigerian economy
  5. E.protect the national interest and security
Show the answer and explanation

Answer: D (eliminate foreign participation in the Nigerian economy)

Explanation

Indigenisation aimed to increase Nigerian ownership, not to drive out foreign investors completely.