EXTERNAL DEBT BURDEN AND THE ECONOMIC GROWTH IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
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.
Related Project Materials
ASSESSMENT OF THE EFFECTS OF INTERACTIVE TECHNIQUES ON THE PERFORMANCE OF STUDENTS IN ENGLISH LANGUAGE IN SENIOR SECONDARY SCHOOLS IN BAUCHI STATE, NIGERIA
ABSTRACT
The study assessed the effects of interactive techniques on the performance of students in English language in senior secondary...
COMPARATIVE ANALYSIS OF THE ROLE OF GATE KEEPING IN GOVERNMENT AND PRIVATE MEDIA
ABSTRACT
The study was to assess the gate keeping functions of the two media ownership in Nigeria (Government and Privat...
THE IMPACT OF URBANIZATION ON RURAL AND AGRICULTURAL DEVELOPMENT
ABSTRACT
This study examined the impact of urbanization on rural and agricultural development in Igabi loc...
ENVIRONMENTAL HYGIENE AND HEALTH STATUS OF TRADERS
ABSTRACT
This is a descriptive research study on Environmental Hygiene and Health Status of traders in Akpan Andem Marke...
AN APPRAISAL OF THE APPLICATION OF THE LAW RELATING TO DOMICILE IN NIGERIA
ABSTRACT
This research project entitled ‘AN APPRAISAL OF THE APPLICATION OF...
IMPACT OF PUBLIC RELATIONS ON A CORPORATE ORGANISATION (A STUDY OF FIRST BANK OF NIGERIA PLC ENUGU ZONAL HEADQUARTERS)
Abstract
This work is aimed at looking into the impact of public relations in First Bank of Nigeria PLC Enugu Zonal Headquarters. First B...
IMPACT OF LEARNING ENVIRONMENT ON STUDENTS ACADEMIC PERFORMANCE
ABSTRACT
This research work centered on the influence of learning environment on the academic performan...
EFFECT OF TRAINING AND DEVELOPMENT ON EMPLOYEE PERFORMANCE
ABSTRACT
This research examined Effect of Training and Development on Employee Performance with special reference to&nbs...
YOUTH INVOLVEMENT IN POLITICAL VIOLENCE AND THUGGERY IN NIGERIA
BACKGROUND OF THE STUDY
In contemporary democracies, elections are acceptable means of electing leaders, an important pr...
THE IMPACT OF CHILD ABUSE AND NEGLECT ON THE NIGERIAN SOCIETY
Abstract
This study examined child abuse and neglect: implication on the Nigeria society. Five research questions were...
