WAEC - Economics (2016 - No. 22)
Indigenization policy is a measure aimed at
privating the existing business owned by the state
commercializing state owned businesses
reducing foreign economic domination
making the indegenes managing directors of businesses
Explanation
Indigenization policy is a deliberate government policy aimed at replacing foreign investors and personnel in certain industries with indigenes or the natives of a country that is, excluding foreign participation in certain productive activities.