A major obstacle to the development of Nigeria economy is
ECONOMICS
JAMB 2014
A major obstacle to the development of Nigeria economy is
- A. low capital formation
- B. rural-urban migration
- C. over dependence on oil
- D. poor developmental policies
Correct Answer: D. poor developmental policies
Explanation
Nigeria's economic potential is constrained by many structural issues, including inadequate infrastructure, tariff and non-tariff barriers to trade, obstacles to investment, poor developmental policies, lack of confidence in currency valuation, and limited foreign exchange capacity.
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