The main factors militating against the rapid growth of trade in Nigeria are
The main factors militating against the rapid growth of trade in Nigeria are
- A) Inadequate transportation network and huge capital outlay
- B) Lack of motivation and government attitude towards trade
- C) Lack of good transportation network and insecurity of investments
- D) Huge capital outlay and government altitude to trade
Correct Answer: C) Lack of good transportation network and insecurity of investments
Explanation
The question is asking about the main factors that are preventing trade from growing quickly in Nigeria.Option A states that the inadequate transportation network and large amount of money needed to start a business are the main factors. This means that the lack of good roads and other means of transportation, as well as the high costs involved in setting up a business, are preventing trade from growing rapidly.
Option B suggests that the lack of motivation and the government's attitude towards trade are the main factors. This means that people are not motivated to engage in trade and the government's policies and actions towards trade are not supportive, which is hindering its growth.
Option C, which is the correct answer, states that the lack of a good transportation network and insecurity of investments are the main factors. This means that the absence of efficient transportation systems and the uncertainty surrounding investments in Nigeria are the main obstacles to the rapid growth of trade.
Option D suggests that the huge capital outlay and the government's attitude towards trade are the main factors. This means that the high initial costs of starting a business and the government's stance on trade are hindering its rapid growth.
In summary, the correct answer is Option C, which states that the lack of a good transportation network and insecurity of investments are the main factors militating against the rapid growth of trade in Nigeria.