Question on: JAMB Economics - 2002
One of the major criticisms of the 1992-1968 National development Plan was that?
A
it failed to incorporate lessons gained from earlier plans to enhance its efficiency
B
it came too quickly after the country's indepedence
C
planned expenditure was based too heavily on expected earnings from crude oil
D
its execution was based largely on foreign sourced financial resources
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Correct Option: D
The 1962-1968 National Development Plan heavily relied on projected oil revenue, which was a significant criticism. This made the plan vulnerable to fluctuations in the global oil market.
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