The petroleum industry in Nigeria is - JAMB Economics 1998 Question
The petroleum industry in Nigeria is?
A
the sole source of the nation's revenue
B
the oldest industry in the country
C
the mainstay of the economy
D
a factor in the decline in the nation's foreign reserves
correct option: d
The petroleum industry in Nigeria is the largest on the African continent. As of 2014, Nigeria's petroleum industry contributes about 14% to its economy. Therefore, though the petroleum sector is important, it remains in fact a small part of the country's overall diversified economy
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