Petroleum has the following positive contributions to the Nigerian economy except?

A. Generate employment
B. Source of government revenue
C. development of mono-economy
D. Infrastructure development

Correct Answer:

Option C – development of mono-economy

Explanation

Oil production brings about a billion investments in the country’s economy as well as the development of related sectors of the economy and infrastructure. Besides, it supplies new jobs for Nigerian citizens and improvement of social and living standards in general.