Nigeria's exports usually comprise

Assessment: JAMB UTME - Economics - 2006 Subject: Economics

Question 1 Report

Nigeria's exports usually comprise
Answer Details
Nigeria's exports usually comprise primary goods. Primary goods are raw materials and natural resources that are extracted from the earth, such as crude oil, solid minerals, agricultural products, and natural gas. Nigeria is well-endowed with natural resources, and primary goods account for a significant portion of the country's exports. These exports generate revenue for the country, which can be used to finance the importation of capital goods, consumer goods, and other intermediate goods.

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