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JAMB Economics 1993 Question 31

Question 31

Industrialisation

Since the mid-1980s, the most disturbing development in the industrial sector in Nigeria is

  1. A.labour intensity
  2. B.capital intensity
  3. C.poor technology
  4. D.capacity under-utilization
Show the answer and explanation

Answer: D (capacity under-utilization)

Explanation

After the fall in oil earnings, factories could not get imported raw materials and spare parts, so they worked far below capacity.