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GOVERNMENT

JAMB 2003 - Question 38

Government 2003 JAMB Past Questions - Question 38: Nigerias influence in OPEC is determined by the

Choose the most appropriate option for the gap .

Nigerias influence in OPEC is determined by the

A: volume of her oil reserve

B: sizes of her refineries

C: accessibility of her oil fields

D: low sulphur content of her crude.

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Correct Answer

Explanation

Nigeria'sinfluence in OPEC is determined by her volume of oil revenue Nigeria has its own trust fund which isoverthrow of Gowon's regime was its estimated at about ninety million naira inthe African Development Bank (ADB).From this, aid is given to needy countries. this marvelous achievement is due to the volume of Nigeria's oil revenue. this is no small measure boots the economy of Nigeria