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Problems of Economic Development In Nigeria - SS3 Economics Past Questions and Answers - page 1

1

What is the primary cause of economic instability in Nigeria?

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A

Overdependence on oil

B

High poverty rates

C

Political instability

 

D

Limited access to credit

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2

Which of the following is a result of Nigeria's poor infrastructure?

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A

 Increased economic growth

B

Reduced transportation costs

 

C

Limited movement of goods and people

D

Access to basic services

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3

What is a major challenge facing Nigeria's education system?

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A

A lack of skilled workers

B

High tuition fees

C

Limited access to education

 

D

Overcrowded classrooms

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4

What is the consequence of political instability in Nigeria?

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A

Increased investment

B

Reduced corruption

 

C

Economic growth

D

Discouraged investment

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5

What is a contributing factor to high poverty rates in Nigeria?

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A

Low unemployment rates

 

B

Income equality

C

Access to basic services

D

Lack of economic diversification

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6

Explain one consequence of limited access to credit in Nigeria.

 

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7

Describe one challenge in diversifying Nigeria's economy away from oil dependence.

 

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