The aim of indigenization policy was to
Build more industries in the economy
Increase the drain in foreign exchange
Increase foreign domination of the economy
Increase the participation of Nigerians in commerce and industry
Send all the foreigners away from Nigeria
Correct answer is D
Indigenization is the transfer of ownership and control of business enterprises from foreigners to indigenes. It is aimed at increasing the participation of indigenes in commercial activities while reducing the presence of foreign players.