What is the concept of indigenization?
What is the concept of indigenization?
Definition English: Indigenization is a term that is used in a variety of ways depending on the context. It is the fact of making something more native; transformation of some service, idea, etc. to suit a local culture, especially through the use of more indigenous people in administration, employment, etc.
When did indigenization begin in Nigeria?
An indigenisation policy championed by bureaucrats and Nigerian businessmen was pursued within the Federal Government’s National Development Plan for 1970–74. In February 1972, the Nigerian Enterprises Promotion Decree was promulgated to be effective in April 1974.
Who introduced indigenization policy in Nigeria?
AFRICAN AFFAIRS Yakubu Gowon, the Nigerian head of State from July 1966 to July 1975 and whose military Government promulgated the 1972 Indigenization Decree referred to the program as a process of ‘consolidating our political independence’.
What is the objective of indigenization in Nigeria?
In June 1971, the Nigerian government outlined the primary objectives of the indigenization policy as follows: To create opportunities for Nigerian indigenous businessmen; to maximize local retention of profits; and to raise the level of intermediate capital and goods production.
What is the importance of indigenization?
Indigenization also contributes to a more just world, creating a shared understanding that opens the way toward reconciliation between Indigenous and non-Indigenous people. It also counters the impacts of colonization by upending a system of thinking that has typically discounted Indigenous knowledge and history.
What are the reasons for indigenization?
Reasons for indigenization The major reason for indigenization is to reduce the domination foreigners or foreign participation in business and encouraging Nigerians to own, manage and control strategic sector of the Economy.
What are the benefits of indigenization?
Advantages of Indigenization
- It ensures indigenous participation.
- There is development of local technology.
- It leads to the acceleration of industrial development.
- It reduces foreign control of the economy.
- It ensures self-reliance.
- It provides employment opportunity.
- It improves standard of living.
What is Indigenous policy of Nigeria?
the indigenization policy as follows: (i) to create opportunities for Nigerian indigenous businessmen; (ii) to maximize local retention of profits; and. (iii) to raise the level of intermediate capital and goods production.2.
What is an example of indigenization?
For example, Christianization was a form of indigenization by converting areas and groups to follow Christianity.
