WAEC Economics 2001 Question 45

Question 45

Natural Resources and Petroleum

Which of the following is associated with the development of the petroleum industry in Nigeria?

  1. A.Neglect of agriculture
  2. B.Increase in population growth
  3. C.Increase in the rate of unemployment
  4. D.Decrease in the rate of inflation
Show the answer and explanation

Answer: A (Neglect of agriculture)

Explanation

The oil boom drew labour and attention away from farming, leading to the neglect of agriculture.