Economics JAMB

The full meaning of NNPC is?

A. Nigerian National Population commission
B. Nigerian National Petroleum Corporation
C. National Number of Petroleum Companies
D. None of the above

Correct Answer:

Option B – National Number of Petroleum Companies

Explanation

The Nigerian National Petroleum Corporation (NNPC) is a body charged with the development and management of Nigeria’s Petroleum resources. It was established in 1977 and was assigned the responsibility of exploration, production and refining of petroleum, as well as distribution and foreign marketing of crude oil and petroleum products.

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