————- is NOT the cause of balance of payments (BOP) deficits in Nigeria
-
Poor performance of non-oil sector
- Export promotion
- No import substitution strategies
- High servicing of debt
The correct answer is: A
Explanation
The causes of balance of payment deficit are: low level of agriculture, low level of technological development, inadequacies in export promotion strategy, political instability, poor social and economic infrastructure, servicing of huge external debts, existence of import dependent industries etc.