Indigenization in business

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indigenization in business can be define as way ownership and control on a business is being transferred from foreigners to the indigenes. and the major air in indigenisation of a business is to reduce the dominance in a particular country and ensure local participation in a country.

and there are various reasons indigenous business is being practiced in a country one of the reasons is to ensure that the indigenous have the control to operate their own resources. and also in business is done in a country so that it can improve self-reliance of the people living in such country to a handle a business.
majorly in this part of the country in business business is being practiced and also and it will ensure that all the production activities and the solutions are being controlled by the Nigerians and not the foreigners.
it also improve the development of industrialisation in a particular country are the reasons in which indigenous business is being practiced.

indigenous business also have a better reasonable advantages why indigenous business is being practice in this part of the continent is Nigeria. is it improves and developed local technology and also skills to a particular business.
and also due to the increase in local participation on a business is tend to increase the standard of living of the people and also employment opportunities are being provided to the people through indigenous business.
 
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