Question 48
Natural Resources and PetroleumWhich of the following is not a benefit derived by Nigeria from the petroleum industry?
- A.Increased foreign exchange earnings
- B.Establishment of refineries and petrochemical industries
- C.Employment of a greater proportion of the population
- D.Development of airports, seaports and other social infrastructures.
Show the answer and explanation
Answer: C (Employment of a greater proportion of the population)
Explanation
The oil industry is capital-intensive and employs only a small share of the population.