One of the economic problems of Nigeria today arises from?

Assessment: JAMB UTME - Economics - 1998 Subject: Economics

Question 1 Report

One of the economic problems of Nigeria today arises from?
Answer Details
One of the economic problems of Nigeria today arises from the under-utilization of human and natural resources. This means that despite having a large population and abundant natural resources, Nigeria is not fully harnessing its potential to drive economic growth and development. Factors such as poor governance, corruption, inadequate infrastructure, and low levels of investment have all contributed to this problem. As a result, Nigeria continues to struggle with high unemployment, poverty, and inequality, despite its vast potential for economic progress.
Read lesson note on Factors Of Production And Their Theories (JAMB)
Read lesson note on Agriculture (WAEC)
View Answer

Related Questions

1

In the diagram above, DoDo is the original demand curve, SoSo is the original supply curve, D1D1 is the new demand curve. What is the new equilibrium quantity?
2

Population Statistics of a Country In 1990, the difference between the dependent population and the active population ratio is
3

The shaded triangle in the diagram above is known as
4

The average total cost when output is 200 units in the table aboveis
5

Population Statistics of a Country. The dependency ratio between 1960 and 1990 is
6

In the diagram above, the price P2 in price control situation, is referred to as
7

In the diagram above, profit is maximized at the output level
8

In the diagram above, full employment is indicated by

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning