Impact Of Internal And External Debt On Economic Growth In Nigeria (1985-2018):- Okechukwu Gift C
ABSTRACT
This study
examined the impact ofinternal and external debt on economic growth in Nigeria
was investigatedfor a robust period of34 yearsfrom 1985 to 2018. The
statistical data used was source from central bank ofNigeria statistical
bulletin for 2018, while imploring real gross domestic product as the dependent
variable and internal, external debt as the independent variables. The study
regressed the series through augmented dickey andfuller unit root, johanson
cointegration test and ordinary least square estimate. The result reveals that
internal and external debt has a significant positive relationship with
economic growthforthe period. It also highlights the existence ofa
b-directional relationship. The study recommends that; the government through
the apex bank should formulate and enact policies that will regulate the
trendofinternal and external debt in the economy and the government is
therefore advice to manage the movement in debt in the economy in other to
maintain steady economic growth in the country.
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OKECHUKWU, C (2026). Impact Of Internal And External Debt On Economic Growth In Nigeria (1985-2018):- Okechukwu Gift C. Mouau.afribary.org: Retrieved Mar 26, 2026, from https://repository.mouau.edu.ng/work/view/impact-of-internal-and-external-debt-on-economic-growth-in-nigeria-1985-2018-okechukwu-gift-c-7-2
CHIEHIURA, OKECHUKWU. "Impact Of Internal And External Debt On Economic Growth In Nigeria (1985-2018):- Okechukwu Gift C" Mouau.afribary.org. Mouau.afribary.org, 26 Mar. 2026, https://repository.mouau.edu.ng/work/view/impact-of-internal-and-external-debt-on-economic-growth-in-nigeria-1985-2018-okechukwu-gift-c-7-2. Accessed 26 Mar. 2026.
CHIEHIURA, OKECHUKWU. "Impact Of Internal And External Debt On Economic Growth In Nigeria (1985-2018):- Okechukwu Gift C". Mouau.afribary.org, Mouau.afribary.org, 26 Mar. 2026. Web. 26 Mar. 2026. < https://repository.mouau.edu.ng/work/view/impact-of-internal-and-external-debt-on-economic-growth-in-nigeria-1985-2018-okechukwu-gift-c-7-2 >.
CHIEHIURA, OKECHUKWU. "Impact Of Internal And External Debt On Economic Growth In Nigeria (1985-2018):- Okechukwu Gift C" Mouau.afribary.org (2026). Accessed 26 Mar. 2026. https://repository.mouau.edu.ng/work/view/impact-of-internal-and-external-debt-on-economic-growth-in-nigeria-1985-2018-okechukwu-gift-c-7-2