Which of the following is not reason for nationalization

Assessment: WAEC SSCE - Commerce - 2006 (Objective) Subject: Commerce

Question 1 Report

Which of the following is not reason for nationalization
Answer Details
The reason for nationalization that is not listed in the options is "Encouraging foreign investors." Nationalization is a process where the government takes control of private industries or businesses and makes them publicly owned. This is typically done to control the country's key industries, reduce the remittance of profits abroad, and train local entrepreneurs. Nationalization is not typically done to encourage foreign investors, as it often involves taking control away from private ownership and giving it to the government. Encouraging foreign investors is usually done through other means, such as tax incentives or regulatory reform.

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