IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH OF NIGERIA

  • Type: Project
  • Department: Banking and Finance
  • Project ID: BFN1482
  • Access Fee: ₦5,000 ($14)
  • Pages: 50 Pages
  • Format: Microsoft Word
  • Views: 756
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

The study investigated the impact of external debt on economic growth in Nigeria for the period 2006-2015. Time series data on external debt outstanding, interest rate was used to capture external debt burden. The study set out to test the significant relationship between external debt and economic growth in Nigeria. An empirical investigation was conducted using secondary data: Gross Domestic Product, External Debt outstanding, Interest Rate (financing charges paid on the debt outstanding) from 2006-2015 from CBN Statistical Bulletin. The technique of Estimation employed in the study was Simple Linear Regression Method via the E-VIEW Statistical Package. The results show a significant and positive relationship between external debt outstanding, interest rate (financing charges on the debt outstanding) and the Real Gross Domestic Product.  It was recommended that external debts should be contracted solely for economic reasons and not for social or political reasons, the country should maintain a healthy mix among loans, bonds, grants, aid, portfolio and direct foreign investments to finance its development aspirations, rather than depending heavily on debt.

 

IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH OF NIGERIA
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Banking and Finance
  • Project ID: BFN1482
  • Access Fee: ₦5,000 ($14)
  • Pages: 50 Pages
  • Format: Microsoft Word
  • Views: 756
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Banking and Finance
    Project ID BFN1482
    Fee ₦5,000 ($14)
    No of Pages 50 Pages
    Format Microsoft Word

    Related Works

    CHAPTER ONE INTRODUCTION 1.1       Background to the Study One of the key macroeconomic objectives of a nation is the achievement of sustainable economic growth. To achieve this goal, every Government requires a substantial amount of capital finance through investment expenditures on infrastructural and productive capacity development... Continue Reading
    THE IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH OF NIGERIA CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Economic theory suggests that reasonable levels of borrowing by a developing country are likely to enhance its economic growth. When economic growth is enhanced (at least more than 5% growth rate) the economy’s poverty situation is... Continue Reading
    This work examines the impact of external debt flow on Nigerian economic growth. CHAPTER ONEINTRODUCTION1.1 BACKGROUND TO THE STUDYA very crucial goal for any reasonable government is to attain a sustainable economicgrowth. To attain this vital goal it may have to finance crucial infrastructure projects and to investin development of productivity.... Continue Reading
    This work examines the impact of external debt flow on Nigerian economic growth. CHAPTER ONEINTRODUCTION1.1 BACKGROUND TO THE STUDYA very crucial goal for any reasonable government is to attain a sustainable economicgrowth. To attain this vital goal it may have to finance crucial infrastructure projects and to investin development of productivity.... Continue Reading
    ABSTRACT The study aims to ascertain the impact of external debt on the economic growth of Nigeria. The specific objectives are to ascertain the impact of external debt and external debt servicing on gross domestic product with equivalent research questions and research hypotheses. The research design used is the ex-post-facto research design,... Continue Reading
    Abstract This study investigated the impact of external debt on economic growth in Nigeria for the period 1980-2015. Time series data on external debt stock and external debt service payment was used to capture external debt burden. Other variables such as exchange rate and Foreign Direct Investment where employed. The study set out to test for... Continue Reading
    ABSTRACT This study reviewed the External Debt and Economic Growth in Nigeria with specific emphasis on Nigeria Over the period of 1985-2014. One major problem of this study is under development of the Nigeria Economy. An objective of the study is to measure the impact of external debt on the Growth of the nation. The theoretical view sees... Continue Reading
    Abstract This study investigated the impact of external debt on economic growth in Nigeria for the period 1980-2015. Time series data on external debt stock and external debt service payment was used to capture external debt burden. Other variables such as exchange rate and Foreign Direct Investment where employed. The study set out to test for... Continue Reading
    ABSTRACT This study reviewed the with specific emphasis on Nigeria Over the period of 1985-2014. One major problem of this study is under development of the Nigeria Economy. An objective of the study is to measure the impact of external debt on the Growth of the nation. The theoretical view sees... Continue Reading
    ABSTRACT The study investigates the effect of external debt on economic growth in Nigeria. The study however investigates the level of real Gross Domestic Product vis-à-vis external debt, external reserve, debt service and government expenditure. Ordinary Least Square [OLS] is used to estimate four major macroeconomic variables in order to... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us