Nigeria’s influence in OPEC is determined by the

Home » Past Questions » Government » Jamb » 2003 » Nigeria’s influence in OPEC is determined by the
Government JAMB 2003

Nigeria’s influence in OPEC is determined by the

  • volume of her oil revenue checkmark
  • sizes of her refineries
  • accesibility of her oil fields
  • low sulphur content of her crude

The correct answer is: A

Explanation

Nigeria's influence in OPEC is determined by volume of oil revenue.

Nigeria has its own trust fund which is estimated at about ninety million naria in the African Development Bank (ADB). From this aid is given to needy countries. This marvelous achievement is due to the volume of Nigeria's oil revenues. This in no small measure boosts the economy of Nigeria.
Previous Question Next Question

Leave A Comment