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The Abacha regime is known for instituting which economic policy aimed at centralizing control of...

History
JAMB 2024

The Abacha regime is known for instituting which economic policy aimed at centralizing control of Nigeria's oil revenue?

  • A. Structural Adjustment Program (SAP)
  • B. Green Revolution
  • C. Petroleum Trust Fund (PTF)
  • D. National Economic Empowerment and Development Strategy (NEEDS)
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Correct Answer: Option C
Explanation

The economic policy known for centralizing control of Nigeria's oil revenue during the Abacha regime was the 'Petroleum Trust Fund (PTF)', which aimed at managing and distributing oil revenues for developmental projects.

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