One of the objectives of the indigenisation programme of the Federal Government of Nigeria is to?

Assessment: WAEC SSCE - Commerce - 1990 (Objective) Subject: Commerce

Question 1 Report

One of the objectives of the indigenisation programme of the Federal Government of Nigeria is to?
Answer Details
The objective of the indigenisation programme of the Federal Government of Nigeria is to maximize local retention of profits. This means that the government wants to promote the participation of Nigerians in the ownership and control of businesses operating in Nigeria. By doing so, Nigerians can benefit from the profits generated by these businesses, rather than having those profits sent out of the country to foreign owners. This would in turn help to develop the Nigerian economy and promote local economic growth.
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Read lesson note on Commerce (JAMB)
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