Nigeria's influence in OPEC is determined by the

Government

JAMB 2003

A. volume of her oil revenue
B. sizes of her refineries
C. accesibility of her oil fields
D. low sulphur content of her crude

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Correct Answer: Option A

Explanation

Nigeria's influence in OPEC is determined by volume of oil revenue.

Nigeria has its own trust fund which is estimated at about ninety million naria in the African Development Bank (ADB). From this aid is given to needy countries. This marvelous achievement is due to the volume of Nigeria's oil revenues. This in no small measure boosts the economy of Nigeria.

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