A major obstacle to the development of Nigeria economy is

  • A low capital formation
  • B rural-urban migration
  • C over dependence on oil
  • D poor developmental policies

The correct answer is D. poor developmental policies

Nigeria's economic potential is constrained by many structural issues, including inadequate infrastructure, tariff and non-tariff barriers to trade, obstacles to investment, poor developmental policies, lack of confidence in currency valuation, and limited foreign exchange capacity.

Previous question Next question