Question on: JAMB Commerce - 2024

The Nigeria Enterprises Promotion Decree, also known as the "Indigenization Decree", was enacted to increase the participation of Nigerians in the ownership and management of businesses operating in Nigeria. This policy aimed to transfer the ownership and control of certain businesses from foreign entities to Nigerian citizens.* Indigenization: The process of giving more control and ownership of businesses to local citizens.* Nationalization: Government taking control of industries.* Industrialization: Development of industries.* Privatization: Transferring ownership from the public sector to the private sector.