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The Oil Boom Between 1970 - 1980 Caused The Oil Sector To Become? - Erudites Academy

The oil boom between 1970 – 1980 caused the oil sector to become?

by | Jan 8 | Economics WAEC | 0 comments

A. the main source of government
B. management of spillage and pollution
C. protection to the local operators in the petroleum industry
D. decrease in the rate of inflation

Correct Answer: Option A

A. the main source of government

Explanation

The oil booms caused the oil sector to become the ministry of the Nigeria economy not only in terms of foreign exchange earnings but also the main source of government revenue.

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