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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Nationalistic economic policies in developing nations: the case of the Nigerian Enterprises Promotion Decree 1972
Author:Ogunpola, Akin
Periodical:Ghana Social Science Journal
Geographic term:Nigeria
Abstract:This paper examines a number of the implications of nationalistic economic policies in Nigeria in recent years. Section I examines in general terms the reasons why in a free enterprise economy government and nationals may be bothered by the presence of foreign enterprises in their country, and feel compelled to institute measures to ensure that a substantial proportion of the productive resources in all sectors of the economy is owned and controlled by them. Section II discusses the genesis of the indigenisation policy of Nigerian Governments since immediately after World War II. Section III examines the Nigerian Enterprises Promotion Decree, 1972, which the Federal Government promulgated to give effect to some aspects of its indigenisation objectives. In section IV an appraisal is undertaken of the Nigerian Enterprises Promotion Decree in so far as it seeks to accomplish the national objective of self-reliance. Section V summarises the discussion and concludes the analysis. Notes, appendix.