Which Statement About Nigeria's Economy Is INCORRECT

Which statement about Nigeria's economy is INCORRECT?

A) Since around 2000, Nigeria has not had an acute external debt.
B) Nigeria remains reliant upon developed industrial economies for capital, basic consumer items, and even raw materials.
C) Nigeria is the largest economy in West Africa.
D) Nigeria's dependence on oil revenues makes it susceptible to boom and bust cycles.
E) Nigeria has a high standing in global energy markets not only because of its oil resources but also because of its natural gas reserves.

Correct Answer:

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