One of the objectives of ECOWAS is to
promote indigenization policy
ensure that quality goods are produced
promote trade within the region
discourage foreign investors
Correct answer is C
The major objective of ECOWAS is to promote cooperation and integration by establishing an economic union in West Africa in order to raise the living standards of its peoples, and to maintain and enhance economic stability, foster relations among member states, and contribute to the progress and development of the African continent.
Which of the following is an objective of indigenization policy? To
prevent all foreign interference in business
encourage local participation in business
prevent smuggling
encourage more production
Correct answer is D
No explanation has been provided for this answer.
Abuse and monopoly of power by industrialists could lead to
privatization
commercialization
nationalization
indigenization
Correct answer is C
No explanation has been provided for this answer.
default
breach
frustration
performance
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not an obstacle to the achievement of the objectives of ECOWAS
lack of capital
sabotage by other organizations
lack of commitment of member states
slow pace of development of member countries
Correct answer is D
No explanation has been provided for this answer.