External Debt Management And Its Effect On The Growth Of The Nigeria Economy (1995-2017)
ABSTRACT
This research work was aimed at ascertaining
the effect of debt management on economic growth in Nigeria. Ex-post facto
research design was adopted for the study. While data on Real Gross Domestic
Product (RGDP), External Debt, loan repayment and exports revenue were used as
obtained from Central Bank of Nigeria Statistical Bulletin, 2017. The period of
study was 1995-2017. Model was formulated and data were analyzed using Ordinary
Least Square. The dependent variable was RGDP, while the explanatory variables
were external debt, loan repayment and export revenue. It was discovered that
external debt had a positive and significant effect on Real Gross Domestic
Product. Also, loan repayment had a negative and significant effect on Real
Gross Domestic Product, exports had a positive and significant effect on RGDP.
The study recommended amongst others, that through proper monitoring, Debt
Management Office (DM0) should ensure that loans are utilized for the purpose
for which they were acquired.
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ONYEKWERE, N (2021). External Debt Management And Its Effect On The Growth Of The Nigeria Economy (1995-2017) . Mouau.afribary.org: Retrieved Nov 18, 2024, from https://repository.mouau.edu.ng/work/view/external-debt-management-and-its-effect-on-the-growth-of-the-nigeria-economy-1995-2017-7-2
NNENNA, ONYEKWERE. "External Debt Management And Its Effect On The Growth Of The Nigeria Economy (1995-2017) " Mouau.afribary.org. Mouau.afribary.org, 27 Jul. 2021, https://repository.mouau.edu.ng/work/view/external-debt-management-and-its-effect-on-the-growth-of-the-nigeria-economy-1995-2017-7-2. Accessed 18 Nov. 2024.
NNENNA, ONYEKWERE. "External Debt Management And Its Effect On The Growth Of The Nigeria Economy (1995-2017) ". Mouau.afribary.org, Mouau.afribary.org, 27 Jul. 2021. Web. 18 Nov. 2024. < https://repository.mouau.edu.ng/work/view/external-debt-management-and-its-effect-on-the-growth-of-the-nigeria-economy-1995-2017-7-2 >.
NNENNA, ONYEKWERE. "External Debt Management And Its Effect On The Growth Of The Nigeria Economy (1995-2017) " Mouau.afribary.org (2021). Accessed 18 Nov. 2024. https://repository.mouau.edu.ng/work/view/external-debt-management-and-its-effect-on-the-growth-of-the-nigeria-economy-1995-2017-7-2