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JAMB Economics 2014 Question 33

Question 33

Economic Growth and Development

A major obstacle to the development of Nigerian economy is

  1. A.over-dependence on oil.
  2. B.poor development policies.
  3. C.low capital formation.
  4. D.rural-urban migration.
Show the answer and explanation

Answer: B (poor development policies.)

Explanation

Poorly designed and badly carried out development policies have held back Nigeria's development.