Influence Of Domestic Debt On Economic Growth Of Nigeria:- Ahizu Jennifer N

ABSTRACT

 The study examined the influence ofdomestic debt on growth ofNigeria. The specific objectives were to determine the influence ofdomestic debt on economic growth ofNigeria, to evaluate the effect of broad money supply on the Nigerian economy, to determine the effect offoreign exchange rate on economic growth ofNigeria and to determine the effect of inflation rate on economic growth in Nigeria. Secondary data was usedfor the study and the data coveredfrom 1995 to 2015. The econometric tools usedfor the analysis was regression analysis. The results indicated that domestic debt has a positive and significant influence on economic growth in Nigeria, money supply has a positive and significant influence on economic growth in Nigeria, foreign exchange rate has a negative and insignificant influence on economic growth in Nigeria. It was recommended that , there is need to appraise the potential benefits ofall debtfinancial projects by ensuring that the benefits would offset the debt servicing cost