The petroleum industry in Nigeria is an example of a

The petroleum industry in Nigeria is an example of a capital-intensive industry. This is because it requires a large amount of investment in equipment, machinery, technology, and infrastructure to extract and refine petroleum. The exploration, drilling, extraction, transportation, and refining of petroleum all require a significant amount of capital investment. Additionally, the production processes involved in the petroleum industry are highly mechanized and automated, requiring relatively few workers compared to other industries. Therefore, the petroleum industry in Nigeria is an example of an industry that requires a significant amount of capital investment to operate efficiently and profitably.