The contribution of petroleum to the economy of Nigerian is most prominent in the area of

Source: JAMB · 2024

The contribution of petroleum to the economy of Nigerian is most prominent in the area of

  1. employment generation
  2. fuel provision
  3. infrastructural development
  4. revenue generation ✓
Explanation

Petroleum is Nigeria’s biggest source of government revenue. Oil exports bring in most of the country’s foreign exchange.

The oil industry employs relatively few people. Most Nigerians work in agriculture and services instead.

Oil revenue funds government budgets, infrastructure projects, and public services across Nigeria.

Was this explanation helpful?

Something wrong or missing? Tell us — we read every report and fix issues fast.