Economics WAEC

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

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.

Sunday

Share
Published by
Sunday
Tags: economics

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

3 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

3 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

3 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

3 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

3 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

3 months ago