The indigenisation policy in Nigeria is aimed at

The indigenisation policy in Nigeria is aimed at increasing equity participation and control by Nigerians in businesses operating in Nigeria. The policy was introduced in the 1970s and aimed to transfer ownership and control of companies operating in Nigeria from foreign investors to Nigerians. The policy required foreign companies operating in Nigeria to sell at least 60% of their shares to Nigerians. The goal was to promote local content and increase economic empowerment of Nigerians. The policy has since been modified and some of its provisions have been relaxed to attract foreign investment, but the overall goal of promoting Nigerian ownership and control of businesses in the country remains.