passwella.
Menu

JAMB Economics 1994 Question 35

Question 35

Natural Resources and Petroleum

An indigenous company wholly owned by the federal government of Nigeria which currently engages in prospecting for oil is

  1. A.the Nigerian National Oil Company
  2. B.Peak Petroleum Industries Nigeria Limited
  3. C.Nigeria Exploration and Production Company
  4. D.the Nigerian National Petroleum Corporation
Show the answer and explanation

Answer: D (the Nigerian National Petroleum Corporation)

Explanation

The NNPC is the state oil corporation, fully owned by the Federal Government, and takes part in oil exploration and production.