Presentation Page 232 233

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Presentation Page 232 233

  1. 1. • Correct the imbalance in the development of industries and help bring about a desirable balance and diversification in them. • Direct the flow of scarce resources in the most desirable areas of investment in accordance with national priorities. • Prevent the wasteful use of scare resources and ensure their conservation and judicious utilisation. • Empower the government to regulate the establishment and expansion of private industry in accordance with the planned objectives.
  2. 2. • Demarcate areas among the public, private and joint sectors of the economy, as well as large, medium and small-scale industries. • Prevent, trough fiscal and monetary policies, the formation of monopolies and concentration of wealth in a few hands so that the evils associated with monopolies can be effectively curbed. • Give guidelines for importing foreign capital and the conditions on which such capital should be permitted to operate.

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