Question

the chart below shows the percentage of total government revenue from oil in nigeria between 1967 and 1990. year percentage 1967 18.26% 1971 25.99% 1975 80.81% 1979 66.30% 1983 67.00% 1987 75.80% based on the information in the chart, what conclusion can be drawn about the oil industry in nigeria? nigeria was generating less revenue from oil in 1987 compared to pervious years. nigeria was generating greater revenue from oil in 1990 compared to previous years. nigerias oil revenue peaked during 1975. nigerias oil revenue decreased during 1987.

Explanation:

1. Evaluate each option against the table data:

• Option 1: 1987's 75.80% is higher than 1983's 67.00% and 1979's 66.30%, so this is false.
• Option 2: 1990's value (partial 27.24%) is lower than all prior years shown, so this is false.
• Option 3: 1975's 80.81% is the highest percentage listed in the table, so this is true.
• Option 4: 1987's 75.80% is higher than 1983's 67.00%, so revenue share increased, not decreased; this is false.

Answer:

Nigeria's oil revenue peaked during 1975.