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JAMB Economics 2002 Question 37

Question 37

Natural Resources and Petroleum

One of the roles of NNPC in the production and refining of crude oil is to

  1. A.secure maximum government revenue and regulate price
  2. B.prevent the smuggling of petroleum products
  3. C.satisfy the domestic consumption of petroleum products
  4. D.protect the local operators in the petroleum industry
Show the answer and explanation

Answer: C (satisfy the domestic consumption of petroleum products)

Explanation

NNPC runs the country's refineries mainly to meet local demand for petroleum products.