Question 31
Natural Resources and PetroleumA significant effect of the growth of the oil sector in Nigeria has been to
- A.increase the rate of unemployment
- B.diminish the percentage contribution of the agricultural sector to GNP
- C.slow down the pace of industrialization
- D.retard the rate of economic growth
Show the answer and explanation
Answer: B (diminish the percentage contribution of the agricultural sector to GNP)
Explanation
As oil output and earnings grew, agriculture's share of national output fell sharply.