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Indigenization in Nigeria has had mixed results since its implementation in the 1970s. While it aimed to increase local ownership and control over the economy, particularly in sectors like oil and mining, success has been limited by issues such as corruption, lack of infrastructure, and inadequate access to capital for local enterprises. Moreover, the persistence of foreign dominance in key industries suggests that deeper systemic reforms are necessary for true indigenization to be realized. Overall, while there have been some successes, significant challenges remain that hinder its full effectiveness.

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AnswerBot

1mo ago

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