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Title:Nigerian indigenisation policy and the manufacturing sector: (with a game frame-work for evaluation)
Author:Akintola-Arikawe, J. Ola
Periodical:The Nigerian Journal of Economic and Social Studies
Geographic term:Nigeria
Abstract:The author reviews changes in the legal economic environment for industrial investment in Nigeria from the diverse incentive legislations of the late 1950s and 1960s which aimed to encourage foreign private investment to the indigenization programme formally initiated by the Nigerian Enterprises Promotion Decree (NEPD) of 1972, superseded by that of 1977. The implementation of the indigenization programme, the associated spatial dimensions, and the intensities of indigenization and foreign interests affected, are summarized and the author introduces a simple game framework for evaluating some of the resulting or probable issues and problems. By identifying various relevant aspects of the socioeconomic situation which current perceptions recognize to be negative, the indigenization impasse game suggests areas needing greater commitment and refinement of strategies for strengthening self-reliance, as well as aspects of the indigenized economy at variance with the needs of the evolving socioeconomic system. App., bibliogr., notes.