The major contribution of OPEC to the Nigerian economy is the
ECONOMICS
JAMB 2014
The major contribution of OPEC to the Nigerian economy is the
- A. provision of social infrastructures
- B. granting of subsidies on petroleum products
- C. stabilization of oil prices
- D. building of refineries
Correct Answer: C. stabilization of oil prices
Explanation
OPEC aims to regulate the supply of oil in order to set the price on the world market.
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