EFFECT OF PUBLIC DEBT ON ECONOMIC GROWTH IN NIGERIA (2000 – 2015)
- Project Research
- 1-5 Chapters
- Quantitative
- Regression
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The study examined the effect of public debt on economic growth in Nigeria, using the time frame 2000-2015 (5years). It was established in the study that before the introduction of appropriate government expenditure, public funds were grossly mismanaged, excessive borrowing, high occurrence of corruption in Nigerian public sector which as lead to surplus debt on the economy. Data gathered in the study was estimated using descriptive statistics, unit root test, Johansen co-integration test and vector error correction model. The major findings of the study are: There is a significant relationship between public debt liability and economic growth in Nigeria between 2000 and 2015. There is a significant relationship between debt service payment and economic growth in Nigeria between 2000 and 2015. The study conclude tat public debt as a significant effect on economic growth in Nigeria within the time frame of 2000-2015 (15years). The study recommended; Government should maintain a Debt to GDP ratio of below 30 percent if procuring debt is unavoidable and resort to increase use of tax revenue to finance its projects as it is our believe that tax revenue is far from the optimum; Government should divest itself of all projects which the private sector can handle including refining crude oil (petroleum product) and transportation but should provide enabling environment for private sector investors such as tax holidays, subsidies, guarantees and most importantly improved infrastructure; Government should maintain a proper balance between short term and long term debt instruments in such a way that long term instruments dominate the debt market; Government should strive to finance budget deficit by improving on the present revenue base rather than resulting to domestic borrowing. This can be achieved by improving its revenue sources and efficient pursuit of tax reforms; The government and the Debt Management Office (DMO) should drawn up guidelines to limit the growth of future debt.
Related Project Materials
EFFECT OF SOCIO ECONOMIC STATUS AND SEX ON ATTITUDE TOWARDS CRIME
ABSTRACT
The research provides a theoretical appraisal of the effect of socio economic status and sex on attitude toward...
NIGERIAN NEWSPAPERS’ COVERAGE AND FRAMING OF THE ANTI-CORRUPTION CRUSADE IN NIGERIA (JUNE 2015 TO MAY 2017)
STATEMENT OF THE RESEARCH PROBLEM
From May 2015, the new government’s mantra for change was hinged on fighting corruption in Nigeri...
SECRETARIES AND INFORMATION MANAGEMENT IN AN OFFICE
ABSTRACT
The survey of information management and classification is one that has got to do with a...
THE IMPACT OF USING CELEBRITIES IN TELEVISION ADVERTISEMENT
ABSTRACT
The focus of this work is on the impact of using celebrities in television advertisement. Thus...
DESIGN AND IMPLEMENTATION OF CAMPUS ONLINE HELP DESK INFORMATION SYSTEM
ABSTRACT
The abstract of the project is now the online help desk information system has eased the general public who wish to make there e...
DESIGN AND IMPLEMENTATION OF AN ONLINE ASSIGNMENT SUBMISSION MANAGEMENT SYSTEM A CASE STUDY OF UNIVERSITY OF LAGOS (UNILAG).
ABSTRACT
The paper examines the design and implementation of an online assignment submission system. The challenges face...
DESIGN AND IMPLEMENTATION OF ENCRYPTED DATA BASE SYSTEM
INTRODUCTION
In the past, security was simply a matter of locking the door or storing files in a locked filing cabinet o...
DESIGN AND IMPLEMENTATION OF NETWORK SECURITY (A CASE STUDY OF UBA ENUGU)
ABSTRACT
Network Security is essential to any organization. This has been previousl...
THE IMPACT OF THE RUSSIAN INVASION OF UKRAINE ON THE ECONOMIC STRENGTH OF UKRAINE
ABSTRACT
This study was carried out to examine the the impact of the Russian invasion of Ukraine&n...
KNOWLEDGE AND PRACTICE OF OCCUPATIONAL SAFETY AMONG WORKERS
ABSTRACT:- This study was carried out to examine the knowledge and practice of occupational safety among workers....
