A government policy that encourages transfer of ownership from foreigners to indigenes of the country...
COMMERCE
JAMB 2023
A government policy that encourages transfer of ownership from foreigners to indigenes of the country is known as
- A. indigenisation
- B. commercialisation
- C. nationalisation
- D. privatisation
Correct Answer: A. indigenisation
Explanation
Indigenization is the transfer of ownership and control of the business enterprises from foreigners to the indigenes. It is a policy designed to ensure greater participation of indigenes in the ownership, control and management of business enterprises.
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