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23 Feb 1972Event

Nigerian Enterprises Promotion Decree

The federal military government promulgated the indigenization decree to reserve or transfer selected enterprises to Nigerian ownership.

Hall of FameMilitary I

23 Feb 1972

Nigerian Enterprises Promotion Decree

The federal military government promulgated the indigenization decree to reserve or transfer selected enterprises to Nigerian ownership.

1000reasons.voteEditorial timeline entry

What happened

The federal military government promulgated the indigenization decree to reserve or transfer selected enterprises to Nigerian ownership. It sought to promote indigenous capital in a foreign-dominated economy.

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