CLEAN : Nigeria to get power boost with African development bank money

The video discusses Nigeria's economy, highlighting its diversification with oil contributing only 10% to GDP but 98% to foreign exchange. Challenges include low productivity and revenue in the non-oil sectors, and structural issues like power shortages. The video emphasizes the need for power development, with plans to invest $363 million in the power sector to generate 1400 megawatts of electricity in 2017.

What percentage of Nigeria's GDP is contributed by oil?

• 50%

• 20%

• 10%

• 5%

What is a major challenge faced by the non-oil sectors in Nigeria?

• Over-diversification

• Excessive foreign exchange

• Low revenue

• High productivity

Why is reliable power crucial for Nigeria's development?

• It reduces oil dependency

• It supports industrialization and education

• It increases foreign exchange

• It lowers inflation

How much is Nigeria planning to invest in the power sector?

• $100 million

• $200 million

• $363 million

• $500 million

What is the expected increase in electricity generation capacity for 2017?

• 1200 megawatts

• 1500 megawatts

• 1000 megawatts

• 1385 megawatts