One of the objectives of the indigenization programmes of the Federal Government of Nigeria is to?
Answer Details
The objective of the indigenization programmes of the Federal Government of Nigeria is to promote the use of local resources and talents, in order to maximize local retention of profits and boost economic growth. This involves encouraging the use of local raw materials and empowering Nigerian businessmen to participate in key sectors of the economy. The goal is not to expel foreigners from Nigeria, but rather to strike a balance between local and foreign participation in the economy, and to promote foreign trade in a mutually beneficial way. Overall, the aim of indigenization is to create a more self-reliant and sustainable economy that benefits all Nigerians.