The Indigenization Decree Of 1972: Class Issues, State And Economy

ABSTRACT Ever since Nigeria's independence in 1960, Leaders, Elites and Scholars have engaged in various debates on the notion that political independence without economic independence would be ridiculous. Which simply put, national yearnings and aspirations of Nigerian Leaders and Scholars have both economic and political connotations. There is this general consensus that where economic power is concentrated in the hands of foreigners, the economy 1s undersiege as foreign investors drain the resources of the nation. This could be in the forms of salaries and dividends repatriated abroad in ad…