Problems of Economic Development In Nigeria - SS3 Economics Past Questions and Answers - page 1
What is the primary cause of economic instability in Nigeria?
Overdependence on oil
High poverty rates
Political instability
Limited access to credit
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Which of the following is a result of Nigeria's poor infrastructure?
Increased economic growth
Reduced transportation costs
Limited movement of goods and people
Access to basic services
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What is a major challenge facing Nigeria's education system?
A lack of skilled workers
High tuition fees
Limited access to education
Overcrowded classrooms
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What is the consequence of political instability in Nigeria?
Increased investment
Reduced corruption
Economic growth
Discouraged investment
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What is a contributing factor to high poverty rates in Nigeria?
Low unemployment rates
Income equality
Access to basic services
Lack of economic diversification
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Explain one consequence of limited access to credit in Nigeria.
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Describe one challenge in diversifying Nigeria's economy away from oil dependence.
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