JAMB - Government (2003 - No. 38)
Nigeria's influence in OPEC is determined by the
volume of her oil revenue
sizes of her refineries
accesibility of her oil fields
low sulphur content of her crude
Explication
Nigeria's influence in OPEC is determined by volume of oil revenue.
Nigeria has its own trust fund which is estimated at about ninety million naria in the African Development Bank (ADB). From this aid is given to needy countries. This marvelous achievement is due to the volume of Nigeria's oil revenues. This in no small measure boosts the economy of Nigeria.
Nigeria has its own trust fund which is estimated at about ninety million naria in the African Development Bank (ADB). From this aid is given to needy countries. This marvelous achievement is due to the volume of Nigeria's oil revenues. This in no small measure boosts the economy of Nigeria.