0704-883-0675     |      dataprojectng@gmail.com

EXTERNAL DEBT BURDEN AND THE ECONOMIC GROWTH IN NIGERIA

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 3000

ABSTRACT

This study examines the external debt burden and the economic growth in Nigeria. Data for the study are collected from the World Bank and Central Bank of Nigeria Statistical Bulletin. The variables on which data are sourced include gross domestic product, domestic debt, external debt, and real interest rate. Gross domestic product is the dependent variable while external debt, Domestic debt and real interest rate are the major explanatory variables. The scope of the study covers the period from 2002 to 2013 and data are analyzed using the ordinary least squares regression technique. The regression results indicate that external debt exerts a significant negative influence on economic growth and that external debt has a strong and significant more than domestic debt. The other factors are insignificant in explaining economic growth under this scenario. Thus, the study recommends a more purposeful borrowing pattern and revenue generation through profitable capital investments as the remedy for a foreign debt crisis in the country. The study also suggests a revival of abandoned industries as a more effective way of reducing foreign borrowing, creating employment opportunities and alleviating poverty in the country.




FIND OTHER RELATED TOPICS


Related Project Materials

THE IMPACT OF EMOTIONAL INTELLIGENCE ON ACADEMIC PERFORMANCE OF SENIOR SECONDARY SCHOOL STUDENTS

ABSTRACT

This study was carried out to examine the impact of emotional intelligence on academic performance of senior secondary school st...

Read more
THE INFLUENCE OF STRATEGIC CORPORATE SOCIAL RESPONSIBILITY ON BUSINESS PERFORMANCE

Abstract:
The objectives of this study are to (1) evaluate the impact of strategic corporate social respon...

Read more
EVALUATION OF SOME NATURAL AND SYNTHETIC PRODUCTS AGAINST AFRICAN TRYPANOSOMIASIS

ABSTRACT

The chemotherapy of African trypanosomiasis, a fatal protozoal disease of man and animals is beset with many problems including...

Read more
ENHANCING INFRASTRUCTURE FOR PRACTICAL TRAINING IN TECHNICAL SCHOOLS

Abstract: This study examines strategies for enhancing infrastructure for practical trainin...

Read more
HISTOPATHOLOGICAL EVALUATION OF GYNAECOLOGICAL BIOPSIES FROM PATIENTS ATTENDING THE BRAITHWAITE MEMORIAL SPECIALIST HOSPITAL, RIVERS STATE

STATEMENT OF THE PROBLEM

The recent alarm on rising global incidence of biopsies by the World Health Organisation (WHO) should worry area...

Read more
SYNTHESIS, FORMULATION AND CHARACTERIZATION OF PHENOL FORMALDEHYDE/CHITOSAN COMPOSITES

Abstract

The methodology of the experiment involves three main stages. The first part describes the synthesis of the PF (novolac) resins....

Read more
THE ROLE OF FIDUCIARY ACCOUNTANTS IN LITIGATION SUPPORT

THE ROLE OF FIDUCIARY ACCOUNTANTS IN LITIGATION SUPPORT

Abstract: Fiduciary accountants play a crucial role in litigation support, provid...

Read more
ANALYSIS OF STUDENTS’ PERFORMANCE IN NATIONAL EXAMINATIONS COUNCIL IN GIWA EDUCATION ZONE, KADUNA STATE , NIGERIA (2010-2014): IMPLICATIONS FOR EDUCATIONAL ADMINISTRATORS AND PLANNERS

ABSTRACT

The study analysed the performance of students in three public and four private senior secondary schools within Giwa Education Z...

Read more
THE IMPACT OF PROMOTION ON CONSUMER PATRONAGE OF PHARMACEUTICAL COMPANIES (A CASE STUDY OF GABBEY PHARMACY LIMITED ENUGU).

ABSTRACT

This research project is aimed at determining the impact of promotional strategies of pharmaceutical firms on c...

Read more
THE IMPACT OF COLOUR PRESENTATION IN MAGAZINE ADVERTISING. A CASE STUDY OF TELL MAGAZINE

STATEMENT OF THE PROBLEM

With the realization of the importance of attention in decision-making process in consumer beha...

Read more
Share this page with your friends




whatsapp