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A CRITICAL ANALYSIS OF THE EFFECT OF DOMESTIC DEBT ON THE NIGERIAN ECONOMY

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  • Abstract : Available
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  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 3000

Abstract

The study examined the impact of domestic debt on economic development of Nigeria with a view to determining amongst other the relative importance and impact of domestic debt on economic growth (GDP) of Nigeria. The study adopted qualitative research focuses on secondary data from CBN. Data relating to domestic debt stock, Gross Domestic product, Interest on domestic debt and capital expenditure of Nigeria from 1990 – 2010 were obtained from the debt management and central bank of Nigeria. The data obtained was subjected to linear regression model analysed with the aid of E-view statistical package for accuracy. The result reveals strong liner correlation between domestic debt and economic growth. In lights of this finding the study recommended for proper management of domestic debt and appropriate debt serving technique for effective growth of the economy.




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