The petroleum industry in Nigeria is?
ECONOMICS
JAMB 1998
The petroleum industry in Nigeria is?
- A. the sole source of the nation's revenue
- B. the oldest industry in the country
- C. the mainstay of the economy
- D. a factor in the decline in the nation's foreign reserves
Correct Answer: C. the mainstay of the economy
Explanation
The petroleum industry in Nigeria is the largest on the African continent. As of 2014, Nigeria's petroleum industry contributes about 14% to its economy. It is one of the pillars of the nation's economy.
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