What is one of the main economic challenges faced by Nigeria as discussed in the video?
Why It's So Hard for Commodity Producers to Diversify

Interactive Video
•
Business, Architecture
•
University
•
Hard
Quizizz Content
FREE Resource
Read more
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Over-reliance on agriculture
Dependency on oil exports
High inflation rates
Lack of foreign investments
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What strategy could Nigeria have used to better manage economic shortfalls?
Increasing agricultural exports
Establishing a rainy day fund
Reducing foreign debt
Investing in technology startups
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is economic diversification challenging for countries reliant on a single commodity?
Lack of skilled labor
Historical difficulty in shifting economic focus
Insufficient natural resources
High levels of corruption
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could cause oil prices to rise to $60 a barrel according to the video?
Geopolitical risks and production impairments
Increased global demand
New oil discoveries
Technological advancements in oil extraction
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How might a weakening U.S. dollar affect oil prices?
It would likely increase oil prices
It would have no effect on oil prices
It would likely decrease oil prices
It would stabilize oil prices
Similar Resources on Quizizz
3 questions
Pakcan: Nigeria Could Ease Rates in Q2 of 2025

Interactive video
•
University
4 questions
Nigeria's Goodluck Jonathan: Economy Depends on Oil

Interactive video
•
University
6 questions
Nigeria's Udoma Wants to Empower Private Sector

Interactive video
•
University
6 questions
Central Bank Sanctions May Shake Dollar Confidence: Chao

Interactive video
•
University
6 questions
Maisonneuve: Oil Freeze Price Support Not Sustainable

Interactive video
•
University
6 questions
Why Oil Prices Aren't Headed Back to $30 a Barrel

Interactive video
•
University
6 questions
Oils Drop: Is There Any Low in Sight?

Interactive video
•
University
6 questions
What Lower Oil Prices Mean for Consumers, Shale Producers

Interactive video
•
University
Popular Resources on Quizizz
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade