Effects Of External Debts On Economic Growth In Nigeria:- Danjuma Catherine
ABSTRACT
This study focuses on the impact of external
debt on economic growth in Nigeria from 1981- 20 I 8. Secondary method of data
collection was used with data gotten from CBN statistical bulletin and World
bank development indicator. Ordinary Least Squares (OLS) technique of
estimation was used to analise the data. The result from the co integration
test indicates that there is no long-run relationship between debt service
payment and economic growth in Nigeria within the period under review. The
study therefore recommend that debts should be contracted solely for economic
capital formation purpose, because capital formation has direct impact on
economic growth. Keywords: Debt servicing, Economic growth, direct impact,
Financing, capital fonnation.
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--. "Effects Of External Debts On Economic Growth In Nigeria:- Danjuma Catherine " Repository.mouau.edu.ng (2025). Accessed 04 Nov. 2025. https://repository.mouau.edu.ng/work/view/effects-of-external-debts-on-economic-growth-in-nigeria-danjuma-catherine-7-2