Nigeria’s influence in OPEC is determined by the?

A. volume of her oil revenue
B. sizes of her refineries
C. accessibility of her oil fields
D. low sulphur content of her crude

Correct Answer:

Option A – volume of her oil revenue

Explanation

Nigeria’s influence in OPEC is determined by volume of oil revenue.

Nigeria has its own trust fund which is estimated at about ninety million naria in the African Development Bank (ADB). From this aid is given to needy countries. This marvelous achievement is due to the volume of Nigeria’s oil revenues. This in no small measure boosts the economy of Nigeria.