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WAEC Economics 1997 Question 26

Question 26

Economic Growth and Development

The Indigenisation Policy in Nigeria is aimed at

  1. A.nationalising foreign businesses
  2. B.alternating foreign investors
  3. C.commandeering foreign business in Nigeria
  4. D.expelling foreign investors and taking over their investments
  5. E.increasing equity participation and control by Nigerians
Show the answer and explanation

Answer: E (increasing equity participation and control by Nigerians)

Explanation

Indigenisation aimed to raise Nigerians' share ownership and control of businesses.