Effect of public debt on economic growth in Nigeria: An empirical analysis 1981 - 2018
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The study investigated the effect of public debts on economic growth of Nigeria for the period of thirty-eight (38) years, 1981 to 2018. Relevant secondary data were sourced from Central Bank of Nigeria Statistical bulletin and Debt Management Office. Among the objectives of the study is to: analyze the effect of domestic debts on the economic growth of Nigeria and evaluate the effect of foreign debts on the economic growth of Nigeria. The findings showed that domestic debts of the Federal government of Nigeria is positive and statistically significant to economic growth of Nigeria while foreign debts contribute less to the economic growth of the country. Cost of debts servicing is significant and has a negative effect on economic growth.
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How to Cite
S., A. O. & Idowu, E.. (2019). Effect of public debt on economic growth in Nigeria: An empirical analysis 1981 - 2018. International Journal of Business and Economic Development, Volume 07 Issue 02.
Citation Context
APA
S., A. O. & Idowu, E.. (2019). Effect of public debt on economic growth in Nigeria: An empirical analysis 1981 - 2018. International Journal of Business and Economic Development, Volume 07 Issue 02.
MLA
S., Alagba Ochuko, and Eferakeya Idowu. "Effect of public debt on economic growth in Nigeria: An empirical analysis 1981 - 2018." International Journal of Business and Economic Development, Volume 07 Issue 02, 2019.
Chicago
Alagba Ochuko S. and Eferakeya Idowu. "Effect of public debt on economic growth in Nigeria: An empirical analysis 1981 - 2018." International Journal of Business and Economic Development Volume 07 Issue 02 (23 Oct 2019).
Harvard
S., A. O. & Idowu, E. (2019) Effect of public debt on economic growth in Nigeria: An empirical analysis 1981 - 2018. International Journal of Business and Economic Development, Volume 07 Issue 02
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