Impact Of Debt Servicing On Economic Growth Of Nigeria:- Dickson Precious C

ABSTRACT

The study sought to investigate the impact of debt servicing on economic growth of Nigeria using time series data from 2000 to 2017. The dataset sourced from Central Bank of Nigeria Statistical Bulletin and National Bureau of Statistics (annual abstract) was analyzed using multiple regression analysis. Following the results of the regression analysis, it was found that external debt service had negative and significant impact on economic growth, while domestic debt service had positive and significant impact on economic growth. Based on the findings, it was recommended among other things that Debt Management Office (DM0) should set mechanisms in motion to ensure that loans are utilized for the purpose for which they were acquired.