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JAMB Economics 1995 Question 35

Question 35

Natural Resources and Petroleum

The major source of Nigeria's foreign exchange is the export of

  1. A.skilled manpower
  2. B.palm kernel and cocoa
  3. C.crude oil
  4. D.groundnuts and cotton.
Show the answer and explanation

Answer: C (crude oil)

Explanation

Since the 1970s crude oil has earned over 90% of Nigeria's export income.