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JAMB Economics 1993 Question 48

Question 48

International Economic Organisations

From which of the following does Nigeria derive trade concessions?

  1. A.IMF
  2. B.World Bank
  3. C.ADB
  4. D.EEC
Show the answer and explanation

Answer: D (EEC)

Explanation

Under the Lomé Convention the EEC gave African countries such as Nigeria preferential access for their exports.