Impact Of External Debt On Economic Growth In Nigeria.:- Ukaonu, Angela N

ABSTRACT

The core objective of any nation is to achieve sustained economic growth. Economic growth refers to increases in a country's production or income per capita, economic growth refers to the increase in goods and services available over time. However, the poor saving habit of most developing countries creates a savings and investment gap which leads to paucity of funds to finance development projects by the governments thus most countries resort to external borrowing as a means to bridging the financial constraint induced by savings investment gap (Umaru et al; 2015).