THE IMPACT OF EXTERNAL DEBT ON NIGERIA ECONOMY (1985-2011)

ABSTRACT
This work evolved out of the zeal to provide an immense understanding of the Nigeria economic of debt. The broad objective of this study was to evaluate the impact of external debt on the development of the Nigeria economy within the life-span of 1985-2011.The models in this study was used to evaluate the developmental relationship between the independent variables and the dependent variables. The data were sourced from the Federal office of statistics, CBN statistical bulletin 2011, and international monetary fund (IMF). The ordinary least square method (OLS) was employed in the cause of study. Also, the Augmented Dickey Fuller test (ADF) revealed that the variables are reliable for forecasting while the use of OLS was most appropriate for the study in terms of goodness of fit and significance of regression coefficient. The outcome of the analysis revealed that increase in external debt positively affects the economic development of Nigeria while increase in external debt services positively affects economic development in Nigeria. Thus; conclusion was made that external debt rises rapidly because loans were secured for dubious projects and private pockets rather investing the loan in productive ventures by increasing exports. And by recommendation, government should incur external fund for developmental projects and as well monitor effectively the use of external funds so as to ensure the development of Nigeria economy.

TABLE OF CONTENT
Title page - - - - - - -- - - - -i
Approval page - - - - - - - - - -ii
Dedication - - - - - - - - - - -iii
Acknowledgement - - - - - - - - -iv
Table of content - - - - - - - - - -v
Abstract - - - - - - - - - - -vii

CHAPTER ONE
1.0 INTRODUCTION
1.1 Background of the study - - - - - - -1
1.2 Statement of problem - - - - - -- - -4
1.3 Objectives of the study - - - - - - - -5
1.4 Statement of hypothesis - - - - - - -5
1.5 Significance of study - - - - - - - -6
1.6 Scope of study - - - - - - -- - -7

CHAPTER TWO
2.0 Literature review - - - - - - - -8
2.1 Theoretical Frame Work - - - - - - -8
2.2 Empirical Evidence - - - - - - - 23
2.3. Summary of the previous empirical findings - - - 27
2.4. Limitations of previous study - - - - - 28

CHAPTER THREE REASEARCH METHODOLOGY
3.1. Introduction - - - - - - - 30
3.2. Sources of data - - - - - - - - 30
3.3. Data Analysis Technique - - - - - - 31
3.4. Model specification - - - - - - - 31

CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1. Presentation of Result - - - - - - - 38
4.2. Analysis of the Result - - - - - - - 39
4.3. Evaluation Methods - - - - - - - 40
4.4 Hypothesis Testing - - - - - - - 46

CHAPTER FIVE;
SUMMARY, CONCLUSION AND RECOMMENDATION
5.1. Summary of Findings - - - - - - - 47
5.2. Conclusion - - - - - - - - - 47
5.3 Recommendations - - - - - - - 48
Bibliography - - - - - - - - 50
Appendix - - - - - - - - - 52

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APA

Raji, A. (2018). THE IMPACT OF EXTERNAL DEBT ON NIGERIA ECONOMY (1985-2011). Afribary. Retrieved from https://afribary.com/works/the-impact-of-external-debt-on-nigeria-economy-1985-2011-2442

MLA 8th

Raji, Alex "THE IMPACT OF EXTERNAL DEBT ON NIGERIA ECONOMY (1985-2011)" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/the-impact-of-external-debt-on-nigeria-economy-1985-2011-2442. Accessed 21 Nov. 2024.

MLA7

Raji, Alex . "THE IMPACT OF EXTERNAL DEBT ON NIGERIA ECONOMY (1985-2011)". Afribary, Afribary, 29 Jan. 2018. Web. 21 Nov. 2024. < https://afribary.com/works/the-impact-of-external-debt-on-nigeria-economy-1985-2011-2442 >.

Chicago

Raji, Alex . "THE IMPACT OF EXTERNAL DEBT ON NIGERIA ECONOMY (1985-2011)" Afribary (2018). Accessed November 21, 2024. https://afribary.com/works/the-impact-of-external-debt-on-nigeria-economy-1985-2011-2442

THE IMPACT OF EXTERNAL DEBT ON NIGERIA ECONOMY (1985-2011)

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