 However, The 1972 World Bank ILO Report on Kenya, claimed that direct state intervention was necessary to reduce the growing economic inequalities that had occurred as a result of state capitalism.In all countries that adopted ISI, the state oversaw and managed its implementation, designing economic policies that directed development towards the indigenous population, with the aim of creating an industrialised economy.The 1972 Nigerian Enterprises Promotion Decree exemplifies such control, as it required foreign companies to offer at least 40% of their equity shares to local people.