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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If you originally registered with a username please use that to sign in. Retrieved from ” https: Yet, as promising as the Nigerian Indigenisation Policy is — brilliant in concept, and unique in its implementation — the basic masterplan is not progressing never nigwria as desired. You could not be signed in. The Policy required the foreign owners affected to put up these firms for acquisition by the indigenes, hence the name indigenisation. Related articles in Web of Science Google Scholar.
The international law on foreign investments and host economies in Sub-Saharan Africa: Leave a Reply Cancel reply Your email address will not be published. The government also acquired interest in the insurance and oil and gas sectors. Don’t already have an Oxford Academic account? History of Nigeria Business in Nigeria.
Pollcy such, the business concerns that had been retrieved from foreign investors and capitalists, were most often than not left dormant, owing to an absence of the indigenous managerial and technical know-how required for a smooth continuity of the production process. Following the spirit of the new law, the government acquired interest in major expatriate jigeria banks within the country including First Bank of Nigeria and Union Bank of Nigeria and mandated a compulsory percentage of loans be made to Nigerians.
It is also a way bigeria improving local resources as mush as possible in our industries so as to make them more indigenous and less foreign. The government lost much money in tax revenue as many indigenized firms fared worse under indigenous control, resulting in declining foreign exchange. Simply put, the Nigerian Indigenisation Policy was a government initiative that aimed to recover control of several vital and productive sectors of the economy from alien control. Get more stuff Subscribe to our mailing list and get interesting stuff and updates to your email inbox.
Add comment Close comment form modal. Critics had felt the changes created a new bourgeois that purchased majority of nigeriw shares. This article is also available for rental through DeepDyve. Financial Times, 30 Sept. The decree indigensiation forbade the establishment of such exclusive businesses by foreigners, after 23 February Indigenization policy is a deliberate government policy aimed at replacing foreign investors and personnel pklicy certain industries with indigenes or the natives of a country that is, excluding foreign participation in certain productive activities.
With the capital provided by the foreigners, their Nigerian colleagues would acquire their polivy and would, according to government regulations, continue normal business operations without attracting suspicion. He is grateful to Professors William J. Most users should sign in with their email address.
The Innjoo Halo is a budget smartphone. PR, advertising, pool, haulage of goods by road, block and brick making, bakeries, laundry, cinema, newspaper publishing and printing. Cameroon, Nigeria, and Kenya.
Nigerian Enterprises Promotion Decree – Wikipedia
Abdul Momoh October 4, at It is also aimed at saving foreign exchange by eliminating the opportunity of foreign personnel to repatriate incomes to their home countries. Released in Aprilthe Huawei P8 sports an iPhone-like design with its aluminium unibody. Newer Post Older Post Home. Granted, indigensiation Indigenisation Policy was intended to bolster the nigeroa 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 up, proving that the Indigenisation Policy may be easier said than done.
Subscribe to our mailing list and get interesting stuff and updates to your email inbox. Our aim is to provide daily living guide for Nigerians and her friends. To purchase short term access, indigeinsation sign in to your Oxford Academic indigenisstion above. Along with the decree was the establishment of the Nigerian Enterprises Promotion Board to manage the implementation of the new law.
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NEPC decree of was a legislation to effect changes in the ownership structure of light industries such as retail and small scale businesses. And as the name polic, it is an improvement over the Innjoo Fire in many areas.
Nigerian Enterprises Promotion Decree
Status competition in Africa: 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.
Please check for further notifications ploicy email. This is an unbiased review on the Elophone P Elophone is one of the few Chinese firms that indihenisation you great value for your money. Niger falls back off track. Business activities under this schedule were related to the retail and service sector, advertising, bakeries, commercial transportation and estate agencies. Posted by ibrahim Sa’adu at 4: The rise of Chadema in Tanzania.
Quoting the Indigenisation Decree, Schedule I: