THE ROLE OF CENTRAL BANK OF NIGERIAN IN THE MANAGEMENT OF THE NATIONS FOREIGN DEBT
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- NGN 3000
ABSTRACT
The central bank of Nigerian (C.B.N) started full-scale operation on 1st July 1959, and since its inception like most of the central bank the world over, performs certain national and international functions one of which is the management of foreign debt. So this project examines the role of CBN in the management of foreign debt.
A lot of problems engulfed the central bank of Nigeria which trying to carry out this function ranging from inadequate reserves to over increasing imports bills. The study which is not one outcome of empirical research examines the different measures adopted by the central bank of Nig at different times to ensure efficient management of external debt.
The methodology employed revolves round the use of secondary data extensively round the use of less importance.
However, the magnificent increase in the volume of external depreciation in the value of the naira through the exchange market.
Finally, the debt-rescheduling programmer of the central bank of Nigeria will be meaningless if the export base is not developed to guarantee increased earning of foreign exchange.
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