The policy of 'indigenization' was introduced under the regime of?

The policy of 'indigenization' was introduced under the regime of General Yakubu Gowon.
Indigenization refers to the process of transferring the ownership and control of certain industries or sectors from foreign companies or individuals to the native or indigenous people of a country. In the case of Nigeria, the policy of indigenization was implemented to promote economic empowerment and development by giving Nigerians more control and ownership over their own resources.
During General Yakubu Gowon's regime (1966-1975), Nigeria was going through a period of post-colonial transformation and it was a time when the country was striving for economic independence. The policy of indigenization was one of the key strategies implemented to achieve this goal.
Under this policy, industries such as banking, insurance, oil, and telecommunications were targeted for transfer of ownership from foreign companies to Nigerians. The Nigerian government set specific goals and guidelines to ensure that a significant portion of these industries was owned and controlled by Nigerians.
The policy aimed to foster local entrepreneurship, encourage investment, and create job opportunities for Nigerians. It sought to reduce the economic dominance of foreign companies and promote the growth of indigenous businesses. By encouraging local participation in key sectors of the economy, the government hoped to promote self-reliance and economic development.
Overall, the policy of indigenization introduced under the regime of General Yakubu Gowon was a significant step towards economic empowerment and the promotion of Nigerian ownership and control over key industries.