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The most important resource to Nigeria's economy is oil, which accounts for a significant portion of the country's GDP and government revenue. As one of Africa's largest oil producers, Nigeria relies heavily on oil exports, making it a critical driver of economic growth and foreign exchange earnings. Additionally, oil has a profound impact on various sectors, including transportation and energy, further influencing the overall economic landscape. However, the economy is also diversifying, with agriculture and telecommunications gaining importance in recent years.
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What is a mono economy?
a mono-economy is a economy relying on one major export or natural resource to bring most of the currency into the country.
What was one of the most important differences between the northern economy and the southern economy?
What was one of the most important differences between the northern economy and the southern economy? The northern economy was industrially based. The Southern economy was agriculturally based.
What characteristics of the Canadian economy are most important to a mixed economy?
Help! :(
How does coal mining effect the economy?
Coal mining affects the economy because it is a relatively cheap energy resource, because it is abundant in most of America.
How price system allocates scarce resource in free economy?
Scarce resources are allocated to those who are willing and able to pay the most in a free economy.
What resource was most important to the Southern slave economy in the 1800s?
cotton
Why is a human resource the most important?
why is a country's human resource most important
What was the second most important resource to the Plains People?
While the buffalo was the most important resource, the second most important resource became the horse.
Why people are the most important organizational resource?
the most important organisational resource is the people.
What is the most important resource in maghreb?
oil is the most important resource in the region
Why Are People are the most important organizational resource?
the most important organisational resource is the people.
Why is a country's human resource the most important?
why is a country's human resource most important
What is the most important natural resource of Venezela?
The most important natural resource of Venezuela is oil.
What was the most important resource of the plains resources?
Buffalo were Plains People's most important resource.
What is Canada's most important resource?
The most important
What is the most valuable resource of Finland?
The most important resource of Finland is timber.
What is a mono economy?
a mono-economy is a economy relying on one major export or natural resource to bring most of the currency into the country.
