THE IMPACT OF EXTERNAL DEBT ON NIGERIA ECONOMY (1985-2011)
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This work evolved out of the zeal to provide an immense understanding of the Nigeria economic of debt. The broad objective of this study was to evaluate the impact of external debt on the development of the Nigeria economy within the life-span of 1985-2011.The models in this study was used to evaluate the developmental relationship between the independent variables and the dependent variables. The data were sourced from the Federal office of statistics, CBN statistical bulletin 2011, and international monetary fund (IMF). The ordinary least square method (OLS) was employed in the cause of study. Also, the Augmented Dickey Fuller test (ADF) revealed that the variables are reliable for forecasting while the use of OLS was most appropriate for the study in terms of goodness of fit and significance of regression coefficient. The outcome of the analysis revealed that increase in external debt positively affects the economic development of Nigeria while increase in external debt services positively affects economic development in Nigeria. Thus; conclusion was made that external debt rises rapidly because loans were secured for dubious projects and private pockets rather investing the loan in productive ventures by increasing exports. And by recommendation, government should incur external fund for developmental projects and as well monitor effectively the use of external funds so as to ensure the development of Nigeria economy.
Related Project Materials
AN EVALUATION OF MONETARY POLICY AND ITS IMPACT ON BANKING ACHIEVEMENT IN NIGERIA
Background to the study
ACHIEVEMENT in the banking industry is influenced by a variety of external vari...
HERMENEUTICAL STUDY OF JONAH IN THE LIGHT OF JONAH- IT’S RELEVANCE TO COMTEMPORARY NIGERIA
Background of study
The book of Jonah is an Old Testament book composed of four chapters with forty-eight verses. The b...
THE EFFECT OF TRAINING AND DEVELOPMENT ON EMPLOYEE PERFORMANCE (A CASE STUDY OF ROSEMORE HOTELS UYO)
Abstract
This study, sought to determine the impact of training on staff performance using RoseMore Hot...
COMPARATIVE EVALUATION OF THE ASCORBIC ACID CONTENT OF MINERAL ASCORBATE AND ASCORBIC ACID TABLETS MARKETED IN ZARIA
ABSTRACT
The ascorbic acid content of mineral ascorbate and six brands of ascorbic acid tablets marketed in Zaria with brand names Calciu...
EFFECT OF AUTOMATED TELLER MACHINE ON THE PERFORMANCE OF NIGERIAN BANKS
Abstract
This study investigates the effects of ATM on the performance of Nigerian banks. Available studies have concent...
EVALUATION OF THE LEVEL OF NEWSPAPER READERSHIP AMONG CAREER WOMEN IN ABUJA
Background of the study
It is common knowledge that the most effective way to promote awareness is thro...
STUDENTS PERCEPTION OF THE INTRODUCTION OF SEX EDUCATION INTO SECONDARY SCHOOL IN OVIA NORTH EAST LOCAL GOVERNMENT AREA OF EDO STATE
ABSTRACT
The purpose of this study was to find out the perception of students of the introduction of sex education i...
HAZARDOUS CHEMICAL SOURCES AND EFFECT ON THE ENVIRONMENT
ABSTRACT
This study was carried out on hazardous chemical sources and effect on the environment using S...
LEADERSHIP STYLES AND WORKERS PERFORMANCE IN AN ORGANISATION (A CASE STUDY OF UNILEVER PLC, LAGOS)
Background Of The Study
In modern-day Nigeria, it is almost impossible to have a discussion that does n...
EFFECTS OF GUIDED DISCOVERY APPROACH ON STUDENTS’ ACADEMIC PERFORMANCE IN ECOLOGY IN SENIOR SECONDARY SCHOOLS
ABSTRACT
This study investigated the effect of Guided Discovery instructional strategies on JSS Students performa...
