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A reason for the privatization of the petroleum industry is to 

Commerce
WAEC 2024

A reason for the privatization of the petroleum industry is to 

  • A. reduce the production of petroleum products
  • B. reduce private businesses
  • C. Encourage private businesses in the sector
  • D. Control production in the sector
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Correct Answer: Option B
Explanation

By privatizing the petroleum industry, many private businesses can join the industry.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now