ABSTRACT
This work is on the debt management strategies, the implications
in the Nigeria economy. Among the issues raised as a result of this debt
problem include the devaluation of the local currency, rise in inflation
depletion of the foreign reserve amongst others .The structure of the national
and external debt history was highlighted in the course of this work.
Strategies so far applied and their implications in the country's economy were
also reviewed. To elicit information from the 38 respondents were carefully
selected from field of management and who are fully aware o the economic
situation in the country, the researcher used personal interviews with the aid
of the questionnaires. The data obtained were quantified and analyzed using
simple percentage method while the hypothesis was tested using Chi-square
method. Findings after the analyses include the increase in import demands
increase in exchange rate, corruption and inefficiency in the management of
debt strategies. However, to solve the foregoing problems, the researcher
recommended that the Government should discourage import demands, restructure
the monetary, fiscal and exchange rate policies and put in place a strong
monitoring frame work to supervise the management of the debt strategies so as
to reduce the debt burden of the economy.
KANU-OJI, N (2021). External Debt Management Strategies: The Implications For The Nigerian Economy. Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/external-debt-management-strategies-the-implications-for-the-nigerian-economy-7-2
N, KANU-OJI. "External Debt Management Strategies: The Implications For The Nigerian Economy" Mouau.afribary.org. Mouau.afribary.org, 14 Jul. 2021, https://repository.mouau.edu.ng/work/view/external-debt-management-strategies-the-implications-for-the-nigerian-economy-7-2. Accessed 01 Nov. 2024.
N, KANU-OJI. "External Debt Management Strategies: The Implications For The Nigerian Economy". Mouau.afribary.org, Mouau.afribary.org, 14 Jul. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/external-debt-management-strategies-the-implications-for-the-nigerian-economy-7-2 >.
N, KANU-OJI. "External Debt Management Strategies: The Implications For The Nigerian Economy" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/external-debt-management-strategies-the-implications-for-the-nigerian-economy-7-2