------------- 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
Correct answer is A
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.