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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The political economy of indigenization: the case of the Nigerian Enterprises Promotion Decree
Author:Collins, Paul
Periodical:The African Review: A Journal of African Politics, Development and International Affairs
Geographic term:Nigeria
Abstract:It has been suggested that some of the less industrialized countries have a certain margin of choice or area of manoeuvre through the exercise of public policy in creating successful indigenous capitalist economic development or 1H at least ensuring that the activities of foreign enterprises dominating certain areas of the economy are moulded to the national interest. A range of policy instruments would be applied to enhance national control over foreign investments and to give opportunities to indigenous public and private enterprise to grow side by side. This article examines the recent experience of Nigeria with implementing the Nigerian Enterprises Promotion ('indigenization') Decree since March 1972. Section 1 and 2 outline the main features of the Decree and what it affects; Sections 3 evaluates its implementation. Section 4 argues that the Decree while in some respects falling short, is also giving rise to contradictions and conflicts of interest. Notes.