Question on: JAMB Economics - 2002
One of the roles of NNPC in the production and refining of crude oil is to?
A
secure maximum government revenue and regulate price
B
prevent the smuggling of petroleum products
C
satisfy the domestic consumption of petroleum products
D
protect the local operators in the petroleum industry
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Correct Option: C
The correct answer is **A. secure maximum government revenue and regulate price**. Here's why:
* **NNPC (Nigerian National Petroleum Corporation)** is primarily tasked with managing Nigeria's oil resources on behalf of the government. Key responsibilities include:
* Maximizing government revenue from oil sales.
* Regulating the price of petroleum products in the domestic market (though this can be complex and influenced by global prices).
* Other options are secondary roles, but not the primary focus:
* **B:** Preventing smuggling is a function of security agencies, not the primary role of NNPC.
* **C:** While NNPC is involved in satisfying domestic consumption, this is achieved through refining and distribution, not the core objective.
* **D:**
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