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A major obstacle to the development of Nigeria economy is...

A major obstacle to the development of Nigeria economy is

A.

Low capital formation

B.

Rural-urban migration

C.

Over dependence on oil

D.

Poor developmental policies

Correct answer is D

Nigeria's economic potential is constrained by many structural issues, including inadequate infrastructure, tariff and non-tariff barriers to trade, obstacles to investment, poor developmental policies, lack of confidence in currency valuation, and limited foreign exchange capacity.