JAMB - Commerce (2024 - No. 72)

The Nigeria Enterprises Promotion Decree, also known as the Nigerian Indigenization Decree, was enacted in 1972. It aimed to promote the participation and ownership of Nigerians in the country's economic activities by requiring a minimum level of Nigerian equity participation in certain industries and businesses. This policy was implemented as part of Nigeria's broader efforts towards indigenization, which sought to increase local control and ownership of businesses and reduce the dominance of foreign-owned companies.