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The oil boom between 1970 - 1980 caused the oil sector to become____________

Economics
JAMB 2019

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
WAEC offline past questions - with all answers and explanations in one app - Download for free
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Correct Answer: Option A
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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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free