-
Economic Lessons from Asian Tigers I4 Topics
-
Economic Lessons from Asian Tigers II6 Topics1 Quiz
-
Human Capital Development I3 Topics
-
Human Capital Development II2 Topics1 Quiz
-
Petroleum and the Nigeria Economy I3 Topics
-
Petroleum and the Nigeria Economy II3 Topics1 Quiz
-
Manufacturing and Construction3 Topics1 Quiz
-
Services Industries3 Topics1 Quiz
-
Agencies that Regulate the Financial Market9 Topics1 Quiz
-
International Trade8 Topics1 Quiz
Topic Content:
- Role of NNPC in the Production Refining and Marketing of Petroleum Products in Nigeria
- Achievements of NNPC
- Ways to Achieve Internal Economies of ScaleIn microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation and are typically measured by the amount of output produced per unit of... More by the Nigeria National Petroleum Corporation
The Nigeria National Petroleum Company is a body that deals with the management and development of Nigeria’s petroleum resources. The NNPC was established in 1977 . The company is in charge of the exploration, distribution, production, marketing, and refining of petroleum products.
The NNPC is one of the government’s economic diversification programmes using earnings from oil. The corporation was able to accomplish the government policy of maintaining steady rates of oil production.
In 2013, the NNPC was worth an estimated $41 billion and constituted the Government’s largest revenue stream.
Role of NNPC in the Production Refining and Marketing of Petroleum Products in Nigeria:
The corporation’s efforts are crucial for maintaining Nigeria’s
Unlock This Topic
This topic is available to course subscribers.
Subscribe to continue this course.
- 📚 Continue this topic
- 📝 Attempt quizzes
- 📈 Track your learning progress
- 🪙 Earn KofaCoins
