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.
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Women empowerment is all encompassing, so this work will want to narrow it to the subject of women development and the impact of...
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The Bida Basin is a NW-SE trending inland sedimentary basin in North Central Nigeria that extends from Kontagora in the north to...
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The suitability of hardwood charcoal and snail shell particles for carburizing mild steel was investigated. All the mild steel s...
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The main aim of this study is to assess housing development and the affordability in Ogun Stat...
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Various accounting system is being used by different organizations or firms to speculate and analy...
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Jatropha curcas Linn. (Euphorbiaceae) is a shrub that grows up to 5m in height. It thrives well in tropical countries. It grows...
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This study investigated the influence of gender and mode of study on examination anxiety among...
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The study examined the Effects of Conceptual Change Instructional Strategies on Secondary Students‟ Misconceptions, Performance...
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This study was undertaken to find out the implications of Almajiri system of education in Zaria local gove...
Abstract: This study explores the impact of cultural awareness programs on adult learners, focusing on how these programs enhance understandin...