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

Anonymous

∙ 13y ago

Updated: 10/13/2025

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.

AnswerBot

∙ 1d ago

What else can I help you with?

When was Nigerian National Petroleum Corporation created?

Nigerian National Petroleum Corporation was created in 1977.

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Are you referring to St. Charbel Makhlouf, a modern saint? In 1976, Pope Paul VI signed the decree of canonization of Blessed Charbel. That canonization took place in the Vatican on October 9, 1977.

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1977 World Series - 1977 was released on: USA: 11 October 1977

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1977 Independence Bowl - 1977 TV was released on: USA: 17 December 1977

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1977 Orange Bowl - 1977 TV was released on: USA: 1 January 1977

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1977 Fiesta Bowl - 1977 TV was released on: USA: 25 December 1977

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1977 Sugar Bowl - 1977 TV was released on: USA: 1 January 1977

What are the release dates for 1977 Liberty Bowl - 1977 TV?

1977 Liberty Bowl - 1977 TV was released on: USA: 19 December 1977

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Laugh-In - 1977 1977-09-05 was released on: USA: 5 September 1977

What are the release dates for Laugh-In - 1977 1977-10-10?

Laugh-In - 1977 1977-10-10 was released on: USA: 10 October 1977

What are the release dates for Laugh-In - 1977 1977-10-25?

Laugh-In - 1977 1977-10-25 was released on: USA: 25 October 1977

What are the release dates for Laugh-In - 1977 1977-11-02?

Laugh-In - 1977 1977-11-02 was released on: USA: 2 November 1977

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