Jamaicanization

This is perhaps implied by his statement: Government's programme of Jamaicanization of business operations in the country is moving ahead, and soon every Canadian bank operating in the island will have gone Jamaican

Source: wiktionary

Jamaicanization, though, did not mean nationalization.

Source: wiktionary

Since independence in 1962, the trend has been towards the Jamaicanization of education. This is evidenced by the Jamaicanization of the administration of education, both at the national and institutional level, of the teaching profession at all levels, of syllabi and curricula, and the Jamaicanization and Caribbeanization of examinations.

Source: wiktionary