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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The primary concern here is to identify to what extent good accounting system in the Public Sector can en...
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This research project is aimed at the development of an Estate Agent and Property Management System for rea...
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This research work attempts to access the importance of human resources as a catalyst for economic growth development in Nigeria...
Background of the study
After the civil war that broke out in 1970 in Nigeria, the country's security situation has...
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Abel, Marc W. Ph.D. Department of Computer Science and Engineering, Wright State University, 2022. A Solder-Defined Computer Arc...
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Generally this study seeks to explore the role of entrepreneurship development in Nigeria Economy,...
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The study assessed the influence of abortion stigma, behaviour pattern and distress tolerance on substance use...
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Influence of commercial advertising on the productpromotion of indomie instant noodles. A study of the children of Emene communi...
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This study was carried out in order to assess the management of human resource towards the achievement of public and private sec...
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This study identifies the roles of information communication...