Devaluation of the naira as a condition for the international Monetary Fund ‘loan’ is considered inadvisable because?
-
A.
it would allowed for more money to be spent on luxuries -
B.
the interest rate on the loan will increase -
C.
it would decrease the demand for Nigeria’s exports -
D.
it would worsen Nigeria foreign exchange situation -
E.
Nigerias oil would sell less in the world market