JAMB Economics 2012 Question 36

Question 36

Economic Growth and Development

Rapid economic development in Nigeria is realizable by

  1. A.continuous dependence on oil
  2. B.concentrating more on agriculture
  3. C.developing the tourism industry
  4. D.diversifying the economy.
Show the answer and explanation

Answer: D (diversifying the economy.)

Explanation

Spreading production across many sectors reduces dependence on oil and gives steadier, faster development.