KAMAL, Adekunle Adewunmi (2018) ASSESSMENT OF PUBLIC DEBT MANAGEMENT AND ITS IMPACT ON THE GROWTH OF NIGERIA ECONOMY. EDE JOURNAL OF BUSINESS (EJOB), 5 (1). pp. 376-395. ISSN 2141 – 9876
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Abstract
The problem of huge amount of debt stock and debt service payment has hampered Nigeria’s economy from experiencing growth and sustained development. Thus, this research paper is on assessment of public debt management and its impact on the growth of Nigeria economy for the period of 1991 to 2015. For the purpose of the study, an econometric model was formulated in order to evaluate the relationship between the independent variables (external and internal debt) and the dependent variable (gross domestic product). The data were sourced from the CBN Statistical Bulletin 2015. The use of Ordinary Least Square was most appropriate for the study in terms of goodness of fit and significance of regression coefficient. The outcome of the analysis revealed that external debt has a positive but insignificant relationship with gross domestic product while internal debt has positive and significant relationship with gross domestic product. The papers conclude on the basis of the f statistic result that public debt management has a significant impact on the growth of Nigeria economy. By way of policy recommendation, it is advised that government should acquire debt only for developmental projects and proper monitoring of the procured loans must be ensured by the Debt Management Office. Keywords: Debt management, Gross Domestic Product, External Debt, Internal Debt, Nigeria’s Economy.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Unnamed user with email [email protected] |
| Date Deposited: | 18 Aug 2021 11:46 |
| Last Modified: | 18 Aug 2021 11:46 |
| URI: | http://eprints.federalpolyilaro.edu.ng/id/eprint/1748 |
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