Economics WAEC

Indigenization policy is a measure aimed at?

A. privatising the existing business owned by the state
B. commercializing state-owned businesses
C. reducing foreign economic domination
D. making the indigenes managing directors of businesses

Correct Answer: Option C

C. reducing foreign economic domination

Explanation

Indigenization policy is a deliberate government policy aimed at replacing foreign investors and personnel in certain industries with indigenes of the natives of a country that is, excluding foreign participation in certain productive activities.

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