1972Event
Nigerian Enterprises Promotion Decree
The indigenization decree sought to increase Nigerian ownership and control of parts of the economy by restricting foreign participation in specified sectors.
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1972
Nigerian Enterprises Promotion Decree
The indigenization decree sought to increase Nigerian ownership and control of parts of the economy by restricting foreign participation in specified sectors.
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What happened
The indigenization decree sought to increase Nigerian ownership and control of parts of the economy by restricting foreign participation in specified sectors. It tied oil-boom nationalism to domestic capitalism and later debates over who benefited from postwar economic restructuring.