answersLogoWhite

0

Indigenisation promotes local ownership and control over resources, leading to economic empowerment and job creation within communities. It fosters cultural preservation and strengthens local identities by prioritizing indigenous knowledge and practices. Additionally, indigenisation can enhance sustainability by ensuring that development initiatives are tailored to the specific needs and contexts of indigenous populations. Ultimately, it supports more equitable social and economic structures.

User Avatar

AnswerBot

3w ago

What else can I help you with?

Related Questions

What are the advantages and disadvantages of indigenisation?

indigenous technology has a number of advantages..... 1 helpful for farmers 2 good production of crops 3 increased fertility of soil 4 rise in quantity and quality of food


What are the objectives of indigenization?

objectives of indigenisation


What is the theme of the 21St February movement?

'Youth for indigenisation and empowerment.'


What are the benefits of indigenisation to an economy?

well the benefits can be opening direct investement to both local and intrenational investors.


What is the meaning of indigenisation?

Indigenisation refers to the process of promoting or adopting local customs, traditions, and culture in a particular region or country. It often involves empowering indigenous communities and giving them more control over their land, resources, and governance.


What is indigenisation?

Indeginisation is a policy process of transfering ownership,control,management from foreigners businesses to encourage indegenes to have full participation of economic activites.


What are challenges of indigenisation in Nigeria?

i am still searching for the details.i know 400 level students of Madonna University will all be here,but keep searching. ONYA OBINNA LAW 400 LEVEL


Why do you celebrate workers day?

i would rather celebrate being an entrepreneur than being a slave ,an employer than a an employee ,celebrate indigenisation which promote ownership & control than to be owned and being controlled ,


What are the objectives of the Nigerian indigenisation decree of 1977?

The Nigerian Indigenisation Decree of 1977 aimed to promote Nigerian ownership and control of businesses within the country, fostering economic self-reliance. It sought to transfer majority stakes in foreign-owned enterprises to Nigerian citizens, thereby enhancing local participation in the economy. The decree intended to stimulate growth in local industries, create jobs, and reduce dependency on foreign investments. Ultimately, it was part of a broader strategy to empower Nigerian citizens economically and ensure that the nation's resources benefited its people.


What has the author Ranjna Manwani written?

Ranjna Manwani has written: 'Role of corporate sector in family and social welfare' -- subject(s): Family services, Industries, Social aspects of Industries, Social responsibility of business 'Indigenisation of defence' -- subject(s): Defense contracts, Defenses


What are the advantages of mxit?

what are the advantages of mxit? what are the advantages of mxit?


What are the advantages of altman z score?

no advantages no advantages