ABSTRACT

The study examines the resons1verIes: of Nigerian economic growth to her domestic public debt. The specific objectives were to determine the impact of domestic debt on economic growth in Nigeria: ascertain the influence of' public debt servicing on the economic growth; examine the impact of treasury 'hills on economic growth of Nigeria; investigate the impact of treasury bonds on economic growth of Nigeria; explore the impact of federal government of Nigeria bonds on economic growth of Nigeria. Secondary data were used for the analysis sourced from Central Bank of Nigeria Statistical bulletin. Multiple regression of ordinary least square (OLS) technique was employed. While, the result of the study reveals that among the exogenous variables that domestics public debt, n'easur) bills, treasury bonds, Federal Government of Nigerian bonds, all have significant tiegative impact on Nigerian economic growth while public debt servicing has significant positive impact on the economic growth. Thus the researcher therefore recommends that Nigerian government should reduce the volume of her domestic public debt ac1ui5iti0n in order to increase the credit facilities available to the private sector.