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Oil is important to Nigeria's economy because it is 90% of Nigeria's income. The money made from selling oil to other countries helps to build highways, schools and factories. Falling oil prices around the world caused Nigeria's income to drop. Also, years of low rainfall caused food production rate to drop.
What else can I help you with?
When crode oil was found in Nigeria?
Oil was found in Nigeria in 1956.
Is there any alternativeor crude oil in Nigeria?
There is no oil in nigeria puffy
Which year did Nigeria discover oil?
Oil was discovered in Nigeria in 1956
Is Nigeria a major oil producer?
Nigeria produces 3 million barrels (of oil). OPEC member Nigeria from July 1971 has been.
Where Nigeria's oil wells are located?
In south east Nigeria.
Does Nigeria produce crude oil?
Yes. Nigeria is the 15th largest producer of crude oil worldwide.
Is Nigeria a major producer of oil?
Nigeria produces 3 million barrels (of oil). OPEC member Nigeria from July 1971 has been.
What valuable resources does Nigeria have?
More than 90 percent of Nigeria's income comes from oil and oil exports.
What is Nigeria noted for?
oil
Which is the largest export of Nigeria?
the largest export in nigeria is crude oil
What are Nigeria's export?
Nigeria's main exports are oil, cocoa and groundnuts.
Where does shell oil buy their oil?
Mostly from Nigeria.
