Question 49
Economic Growth and DevelopmentGiven the present state of the Nigerian economy, which of the following measures will promote more rapid economic development?
- A.Complete dependence on oil exports
- B.Concentration on agricultural exports
- C.Diversification of the economy
- D.Building of more schools and universities
- E.Introduction of nuclear energy in Nigeria.
Show the answer and explanation
Answer: C (Diversification of the economy)
Explanation
Nigeria depends heavily on oil; spreading production across many sectors reduces risk and creates more growth and jobs.