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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The Financial Times Historical Archive. Including a pixel packed 5. 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 international law on foreign investments and host economies in Sub-Saharan Africa: Problems and Prospects of Identity Management in Nigeria. Sign in via your Institution Sign in. With the capital provided by the foreigners, their Nigerian colleagues would acquire their businesses and would, according to government regulations, continue normal business operations without attracting suspicion.
Cameroon, Nigeria, and Kenya.
Additionally, commercial nieria were instructed to provide loans to the prospective investors, and a limit was placed on the amount of money the foreign businessmen could repatriate back to their nations of origin. In addition, while business were affected under the decree some had requested exemptions and not all were compliant by April Till this day, many factories still stand vacant across the country.
5 Problems of Indigenisation in Nigeria and 3 Possible Solutions
This page was last edited on 19 Novemberat From Wikipedia, the free encyclopedia. Niger falls back off track. These include rice milling, jewellery production, etc. Prior tocriticism of the existing law led to a couple of amendments but the most significant was in Leave a Reply Cancel reply Your email address will not be published.
The content on the InfoGuide Nigeria is provided as general information only. Granted, the Indigenisation Policy was intended to bolster the economic and political autonomy of post-colonial Nigeria, but as with several other government agendas and with the passage of time, numerous unforeseen obstacles have cropped indigenistion, proving that the Indigenisation Policy may be easier said than done.
gco: INDIGENIZATION POLICY IN NIGERIA
The Indigenisation Policy was launched inbarely twelve years from independence, at a time when the bulk of the Nigerian labour market consisted mainly of unskilled and semi-skilled manpower, and agriculture was the main economic activity.
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Subscribe to our mailing list and get interesting stuff and updates to your email inbox. It is also a way of improving local resources as mush as possible in our industries so as to make them more indigenous and less foreign.
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This is an unbiased review on the Elophone P Elophone is one of the few Chinese firms that offers you great value for your money. As soon as the indigenisation decree was launched, several cunning foreigners who were about being dispossessed of their businesses devised a clever strategy that would enable them to appear to have relinquished control, but in reality, they would still manage their businesses through the agency of their indigenous associates.
Usually owner by a foreigner or foreigners.
5 Problems of Indigenization in Nigeria and 3 Possible Solutions
PR, advertising, pool, haulage of goods by road, block and brick making, bakeries, nigeri, cinema, newspaper publishing and printing.
If you need a personal assistance on this topic, kindly contact us. Capitalism, socio-cultural change and fraud in Uganda. Critics had felt the changes created a new bourgeois that purchased majority of the shares.
Nigerian Enterprises Promotion Decree