JAMB - Commerce (2023 - No. 36)
A government policy that encourages transfer of ownership from foreigners to indigenes of the country is known as
indigenisation
commercialisation
nationalisation
privatisation
Paliwanag
Indigenization is the transfer of ownership and control of the business enterprises from foreigners to the indigenes. It is a policy designed to ensure greater participation of indigenes in the ownership, control and management of business enterprises.