ABSTRACT
This study seeks to examine the Effect of Nigerian Debt Management and External Debt
Burden on selected economic indices from 1990-2016. Time series data on external debt
stock and external debt service was used to capture external debt burden on economic
variables such as Real Gross Domestic Product(RGDP), Capital Expenditure and External
Reserve. Three Null hypotheses were stated to critically examine the effect of the dependent
variables on the independent variables. The origin, structure and causes of Nigerian debt and
the measures adopted by DM0 to manage and minimize the growing rate of the debt was
reviewed. Ex-post facto research design was adopted while the Simple Regression Analysis of
OLS was used to analyze the data gathered for this study. The result of the findings revealed
that there is a negative and significant relationship between the size of External Debt Stock
and RGDP together with Capital Expenditure while an insignflcant relationship exist
between External Debt Service Payment and External Reserves. Augmented Dickey Fuller
methodology was adopted to test for the stationarity of the data used while the long run
relationship was carried out using the Johansen co-integration test. The study therefore
concludes that the dependent variables has a great link with the independent variables and
should therefore be managed effectively through various fiscal, monetary and external debt
control policies. The study therefore recommends that spending of external debt on
productive self-liquidating investment must be strictly adhered to while projects to be
financed with external loan must be properly appraised and that government and regulatory
agencies must try as much as possible to reduce both internal and external debt while
focusing on capacity building using domestic available resources to promote economic
activities.
ANYAOGU, U (2021). Effect Of Nigerian Debt Management And External Debt Burden On Selected Economic Indices (1990-2016). Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-nigerian-debt-management-and-external-debt-burden-on-selected-economic-indices-1990-2016-7-2
UZOAMAKA, ANYAOGU. "Effect Of Nigerian Debt Management And External Debt Burden On Selected Economic Indices (1990-2016)" Mouau.afribary.org. Mouau.afribary.org, 04 Jun. 2021, https://repository.mouau.edu.ng/work/view/effect-of-nigerian-debt-management-and-external-debt-burden-on-selected-economic-indices-1990-2016-7-2. Accessed 31 Oct. 2024.
UZOAMAKA, ANYAOGU. "Effect Of Nigerian Debt Management And External Debt Burden On Selected Economic Indices (1990-2016)". Mouau.afribary.org, Mouau.afribary.org, 04 Jun. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-nigerian-debt-management-and-external-debt-burden-on-selected-economic-indices-1990-2016-7-2 >.
UZOAMAKA, ANYAOGU. "Effect Of Nigerian Debt Management And External Debt Burden On Selected Economic Indices (1990-2016)" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-nigerian-debt-management-and-external-debt-burden-on-selected-economic-indices-1990-2016-7-2