Indigenization policy is a deliberate government policy aimed at replacing foreign investors and personnel in certain industries with indigenes. Simply put, the Nigerian Indigenisation Policy was a government initiative that aimed to recover control of several vital and productive sectors of. basic objective of its foreign investment policy since the end of the civil war in Nigeria’s indigenisation programme provides an illustration of the extent to which .
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From Wikipedia, the free encyclopedia. History of Nigeria Business in Nigeria.
Add comment Close comment form modal. Released in Aprilthe Huawei P8 sports an iPhone-like design with its aluminium unibody. The law also restricted economic activities of foreign firms to certain areas and obliged the firms to add Nigerians as partners. And as the name indicates, it is an improvement over the Innjoo Fire in many areas.
5 Problems of Indigenisation in Nigeria and 3 Possible Solutions
This article is also available for rental through DeepDyve. To purchase short term access, please sign in to your Oxford Academic account above. You do not currently have access to this article. Leave a Reply Cancel reply Your email address will not be published. Now, it is Mi-Fone; a new mobile phone company This would cause the nations nigfria to launch a severely biased indigenisation program, inndigenisation would target and dispossess Nigerian business owners who are operating in the various nations.
5 Problems of Indigenization in Nigeria and 3 Possible Solutions
Status competition in Africa: Email alerts New issue alert. He is grateful to Professors William J.
Although the aim of indigenisation is to better the lots of the citizens, the governments of the foreigners affected may seek to revenge what it sees as an injustice against her citizens.
The Policy required the foreign owners affected to put up these firms for acquisition by the indigenes, hence the name indigenisation. Don’t already have an Oxford Academic account?
However, it is still The content on the InfoGuide Nigeria is provided as general information only. Critics had felt the changes created a new bourgeois that purchased majority of the shares.
Prior tocriticism of the existing law led to a couple of amendments but the most significant was in The second schedule expressly forbids absolute foreign control over enterprises such as real estate agencies, construction firms and internal transportation networks. Related articles in Web of Science Google Scholar. Views Read Edit View history. Prior to the end of colonial rule inNigerian businessmen had been agitating for protection of indigenous capital from foreign competition, while a clamour to reduce expatriate quota resulted in Nigerianisation in many institutions.
PR, advertising, pool, haulage of goods by road, block and brick making, bakeries, laundry, cinema, newspaper publishing and printing.
Nigerian Enterprises Promotion Decree
Don’t have an account? Unknown to the authorities, these indigenous business owners would continually remit massive amounts of money to the original owners.
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These include rice milling, jewellery production, etc. If you need a personal assistance on this topic, kindly contact us. The military administration was more amenable to make the changes than their previous democratic counterpart partly because of their increasing distrust of foreign capital, an aftermath of their experience in relying on foreign governments and multinational corporations during the Nigerian Civil War and the lack of prompt response of oil companies to make payments exclusively to the Federal Government.
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