THE IMPACT OF EXTERNAL DEBTS ON ECONOMIC GROWTH IN NIGERIA
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 50 pages | 1-5 chapters | Amount: ₦5,000 | 1 order. | Marked useful: 4,916 times
INSTANT PROJECT MATERIAL DOWNLOADINTRODUCTION
Nigeria’s debt profile has been on the increase over the years, and the country may soon reach a debt threshold that would affect economic growth negatively. This may lead the economy to a debt trap. The study empirically examines the impact of external debt on economic growth in Nigeria. Descriptive and econometric analytical tools were used in data analyses. Data on Real Gross Domestic Product (RGDP), External Debt Stock, External Debt Service Payment, and Exchange Rate were collected from Central Bank of Nigeria Statistical Bulletin, 2014 and Debt Management Office 2014, various issues. Diagnostic tests were conducted using Augmented Dickey Fuller Unit Root Test, Co-integration, and Error Correction Model. Threshold Autoregressive model was used to test the level of debt sustainability in Nigeria within the period under review. The independent variable was RGDP, while the explanatory variables were External debt stock, External Debt Service Payment, and Exchange Rate. The study showed that External Debt had a positive and significant relationship with Real Gross Domestic Product in the long run. The research shows that Nigeria is not in a debt trap and external debt is sustainable in Nigeria. The study recommended amongst others, utilization of external debt in to productive sectors of the economy rather than recurrent expenditure, currently Nigeria is not in a debt trap, therefore can still borrow for growth purposes and that the current trend in external debt is still viable. The country can borrow within the stipulated threshold. This will affect economic growth positively.
Tags: External debts Impact of external debts Evaluation of external debts Economic growth in Nigeria Assessment of economic growth in Nigeria Relevance of economic growth in Nigeria
This material content is developed to serve as a GUIDE for students to conduct academic research
DOWNLOAD THIS PROJECT MATERIAL NOW!
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
AN ASSESSMENT OF THE PROBLEMS AND PROSPECT OF STUDENT LOAN SCHEME IMPLEMENTATION IN NIGERIA
CHAPTER ONE INTRODUCTION Background of the study Student loan programme have developed over many years as governments and educational inst...More »
Item Type: Project Material | 54 pages | 258 engagements |
- 2.
ASSESSING THE INFLUENCE OF DIGITAL BANKING IN PROMOTING FINANCIAL INCLUSION AMONG RURAL DWELLERS IN ...
CHAPTER ONE INTRODUCTION Background of the Study Within the changing environment of the financial industry, digital banking has become a crucial to...More »
Item Type: Project Material | 54 pages | 214 engagements |
- 3.
ASSESSING THE IMPACT OF DIGITAL BANKING ON TRADITIONAL BANKING SERVICES IN CAMEROON
CHAPTER ONE INTRODUCTION Background of the Study Digital banking services have gained prominence in the financial business in recent times. Accordi...More »
Item Type: Project Material | 54 pages | 187 engagements |
- 4.
AN ASSESSMENT OF THE FACTORS INFLUENCING THE ADOPTION OF DIGITAL BANKING AMONG HOSPITALITY COMPANIE...
AN ASSESSMENT OF THE FACTORS INFLUENCING THE ADOPTION OF DIGITAL BANKING AMONG HOSPITALITY COMPANIES IN CAMEROON CHAPTER ONE INTRODUCTION Backgro...More »
Item Type: Project Material | 54 pages | 184 engagements |
- 5.
MICROFINANCE INSTITUTIONS AS A CATALYST FOR AGRICULTURAL DEVELOPMENT IN RURAL COMMUNITIES ( A CASE S...
MICROFINANCE INSTITUTIONS AS A CATALYST FOR AGRICULTURAL DEVELOPMENT IN RURAL COMMUNITIES ( A CASE STUDY OF LERE LOCAL GOVERNMENT AREA, KADUNA STATE...More »
Item Type: Project Material | 54 pages | 778 engagements |
- 6.
AN ANALYSIS OF THE EFFECT OF RISK MANAGEMENT ON THE FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN ...
CHAPTER ONE INTRODUCTION 1.1 Background Of The Study Numerous financial institutions have either failed or are on the verge of failure as a result ...More »
Item Type: Project Material | 54 pages | 928 engagements |