ABSTRACT

This work is on the debt management strategies, the implications in the Nigeria economy. Among the issues raised as a result of this debt problem include the devaluation of the local currency, rise in inflation depletion of the foreign reserve amongst others .The structure of the national and external debt history was highlighted in the course of this work. Strategies so far applied and their implications in the country's economy were also reviewed. To elicit information from the 38 respondents were carefully selected from field of management and who are fully aware o the economic situation in the country, the researcher used personal interviews with the aid of the questionnaires. The data obtained were quantified and analyzed using simple percentage method while the hypothesis was tested using Chi-square method. Findings after the analyses include the increase in import demands increase in exchange rate, corruption and inefficiency in the management of debt strategies. However, to solve the foregoing problems, the researcher recommended that the Government should discourage import demands, restructure the monetary, fiscal and exchange rate policies and put in place a strong monitoring frame work to supervise the management of the debt strategies so as to reduce the debt burden of the economy.