The Impact Of External Debt On Nigeria Economic Growth Between (1981 - 2017) Using A Two Gap Model:- Umah Ruth C
ABSTRACT
The study investigated the impact ofexternal debt
on nigeria economic growth during the period of 1981-2017. this study was
carried out against the background ofcrucial role that external debt can play
to influence the performance ofthe economy, one ofthe problem statement ofthis
study was that, the inability ofthe nigerian economy to effectively meet its
debt servicing requirements has exposed to a high debt service burden. The
resultant effect ofthis debt service burden creates additional problems for the
nations particularly the increasing fiscal deficit which is driven by higher
levels ofdebt servicing, the study also examined the impact of external debt
service stock, external debt service payment, exchange rate and economic
growth, to achieve this objectives, multiple regressions were used in analyzing
the data, this regressions include unit root testing, OLS estimation,
statistical test and test for autocorrelation, the empirical results shows that
exchange rate was significant to economic growth and others are statistically
insignificant to nigerian economic growth, due to this, some recommendations
were made which include Debt Management Office (DMO) should set mechanisms in
motion to ensure that loans are utilizedfor the purpose for which they were
acquired. This could be achieved through proper monitoring of the use to which
thefunds are put.
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UMAH, C (2025). The Impact Of External Debt On Nigeria Economic Growth Between (1981 - 2017) Using A Two Gap Model:- Umah Ruth C. Repository.mouau.edu.ng: Retrieved May 30, 2025, from https://repository.mouau.edu.ng/work/view/the-impact-of-external-debt-on-nigeria-economic-growth-between-1981-2017-using-a-two-gap-model-umah-ruth-c-7-2
CHINENYENWA, UMAH. "The Impact Of External Debt On Nigeria Economic Growth Between (1981 - 2017) Using A Two Gap Model:- Umah Ruth C" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 27 May. 2025, https://repository.mouau.edu.ng/work/view/the-impact-of-external-debt-on-nigeria-economic-growth-between-1981-2017-using-a-two-gap-model-umah-ruth-c-7-2. Accessed 30 May. 2025.
CHINENYENWA, UMAH. "The Impact Of External Debt On Nigeria Economic Growth Between (1981 - 2017) Using A Two Gap Model:- Umah Ruth C". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 27 May. 2025. Web. 30 May. 2025. < https://repository.mouau.edu.ng/work/view/the-impact-of-external-debt-on-nigeria-economic-growth-between-1981-2017-using-a-two-gap-model-umah-ruth-c-7-2 >.
CHINENYENWA, UMAH. "The Impact Of External Debt On Nigeria Economic Growth Between (1981 - 2017) Using A Two Gap Model:- Umah Ruth C" Repository.mouau.edu.ng (2025). Accessed 30 May. 2025. https://repository.mouau.edu.ng/work/view/the-impact-of-external-debt-on-nigeria-economic-growth-between-1981-2017-using-a-two-gap-model-umah-ruth-c-7-2