Which of the following is the the main aim of the Indigenization Decree?
Answer Details
The main aim of the Indigenization Decree was to allow Nigerians greater participation in commercial activities. The Indigenization Decree was a policy implemented by the Nigerian government in 1972, which aimed to transfer ownership and control of certain industries from foreigners to Nigerians.
The policy was designed to address the imbalances in the ownership and control of the Nigerian economy, which was largely dominated by foreign companies and investors. By allowing Nigerians to have greater ownership and control of the economy, the government hoped to create more opportunities for economic growth and development, as well as promote a sense of national pride and unity.
Overall, the Indigenization Decree was intended to empower Nigerians and encourage their active participation in the country's economic development.