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SS3 · Petroleum Economics · ECO/PET — SS3.04

Petroleum and the Nigerian Economy

Explores the petroleum industry's development, its economic contributions, and the roles of NNPC and OPEC.

Sample quiz questions

  1. Which of these regions saw the first commercial discovery of crude oil in Nigeria in 1956?

    • A. Oloibiri
    • B. Bonny
    • C. Warri
    • D. Port Harcourt
  2. What is the primary function of the Nigerian National Petroleum Corporation (NNPC) now transitioned into NNPC Limited?

    • A. To fix oil prices
    • B. To regulate oil production and participate in joint ventures
    • C. To borrow money for the government
    • D. To provide fuel to other countries for free

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