World Geography MCQ › Nigeria › Question #23168
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QWhat is Nigeria’s primary export product?

ID: #23168 Nigeria 100 views
Question Info
#23168Q ID
DifficultDifficulty
NigeriaTopic
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  • A Cocoa ✔ ✖
  • B Oil ✔ ✖
  • C Textiles ✔ ✖
  • D Gold ✔ ✖
Correct Answer: Option B

Explanation

Crude oil is Nigeria’s primary export product, accounting for about 90% of the country’s export revenue. Nigeria is one of Africa’s largest oil producers, with vast oil reserves in the Niger Delta region. The oil industry drives Nigeria’s economy, attracting international investment and providing government revenue. However, reliance on oil also exposes Nigeria to global oil price fluctuations, impacting its economy during price declines. Sustainable diversification remains a focus to reduce the country’s dependence on oil.

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