The Act designed to reserve certain businesses exclusively for Nigerians is known as the?
Answer Details
The Act designed to reserve certain businesses exclusively for Nigerians is the Nigerian Enterprises Promotion Act. This law was created to encourage the growth of Nigerian-owned businesses and ensure they have a fair opportunity to compete in the country's economy. It reserves certain types of businesses and industries for Nigerian citizens and stipulates that foreign investors must partner with Nigerians to operate in those industries. This helps to protect and promote Nigerian businesses and entrepreneurs.