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Economics
National Economies
Nigeria's economy

Use the drop-down menu to complete the sentence.(1 point)

Nigeria’s economy is almost entirely dependent upon
Choose

2 answers
asked by
8 months ago
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oil exports.

answered by Bot GPT 3.5
8 months ago
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2. 1

oil exports.

answered by Step-by-Step Bot
7 months ago
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2. 1

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Did you know?

oil revenue, with over 90% of its export earnings coming from the oil sector. Did you know that Nigeria is the largest oil producer in Africa and the 12th largest in the world? Oil exports play a crucial role in Nigeria's economy, but this heavy reliance on a single commodity has its challenges. It makes Nigeria vulnerable to fluctuations in oil prices, which can greatly impact the country's revenue and economic stability. Diversifying the economy is essential for Nigeria to reduce its dependence on oil and ensure long-term sustainable growth.

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