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Friday, 10 April 2026
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Localization of industry is encouraged because of

Localization of industry is encouraged because of
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Low interest charges on loans
  • B High standard of living
  • C Low foreign exchange rate
  • D Improvements in infrastructure
Correct Answer: Option D
Explanation:
(i) Nearness to raw material.
(ii) Availability of source of power.
(iii) Physical and climate conditions.
(iv) growth of local industries and infrastructure
(v) Supply of trained labor.
(vi) Availability of capital.
(vii) Momentum of an early start.

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