The first Nigerian enterprises promotion decree was promulgated in

Assessment: JAMB UTME - Commerce - 2024 Subject: Commerce

Question 1 Report

The first Nigerian enterprises promotion decree was promulgated in
Answer Details
The Nigerian Enterprises Promotion Decree of 1973, also known as the Indigenization Decree, was a significant policy implemented by the Nigerian government aimed at promoting indigenous participation and ownership in the country's economy. The decree outlined provisions for the transfer of ownership and control of certain businesses from foreign owners to Nigerian citizens.

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