Devaluation of the naira as a condition for..

Question 1 Report

Devaluation of the naira as a condition for the international Monetary Fund 'loan' is considered inadvisable because?

it would allowed for more money to be spent on luxuries

the interest rate on the loan will increase

it would decrease the demand for Nigeria's exports

it would worsen Nigeria foreign exchange situation

Nigerias oil would sell less in the world market