APPRAISAL OF THE IMPACT AND CONSEQUENCES OF EXTERNAL DEBT MANAGEMENT ON THE NIGERIA ECONOMY.

ABSTRACT

This study focused on the appraisal of the impact and consequences of external debt management on the Nigeria economy.  Its  purpose is to investigate  the impact and consequences of  external  debt  in  Nigeria   economy  and  also factors that leads to external debt on Nigeria economy.

The  first   chapter  focused  on  introduction,   statement   of  the problem, objectives of the study, significance of the study etc. Chapter two  dealt with  the  review of related  literature,   Nigeria and debt  mechanisms, domestic public debt etc.  Chapter three dealt  with   research design,  population  of  the  study,  statistical instrument used, sample size, specification of the model etc. Chapter four  dealt  with  presentation,   analysis and interpretation of data and chapter five is about the summary, recommendation and conclusion of the study.

TABLE OF CONTENT ﾿

Project Assessment

Declaration ﾿ iii-iv

Certification ﾿ vi

Dedication ﾿ vii

Acknowledgement ﾿ viii

Table of content ﾿ lx-x

List of tables ﾿ xi

Abstract ﾿ xii

CHAPTER ONE: INTRODUCTION

1.0    Introduction                                                                  1-3

1.2    Statement of the Problem                                           3-5

1.3    Objectives of the Study                                               5

1.4    Significance  of the Study                                            5-6

1.5    Sources of Data, Scope and Limitations of the study 6-7

1. 6    Research Hypothesis                                                   7

1.7    Definitions of Terms                                                    7

1.8    Chapter Scheme                                                         7-8

1.9    Conclusion                                                                    8

CHAPTER TWO: REVIEW  OF RELATED LITERATURE

2.0    Debt and the MDGS                                                   9

2.1    Nigeria   and Debt Relief Mechanisms                          10-12

2.2    Domestic Public Debt                                                  12-15

2.3    Debt Management Office                                            15-17

2.4    General Review                                                            17

2.4.1 The Origin of External Debt in Nigeria                        17-19

2.4.2 The Root Causes of debt Problems in Nigeria              19-27

2.5     Sources of Nigeria's External Debt                              27-29

2.6    External Debt and the Management Strategies in Nigeria                                                                     30-35

2.7    Aid and the MDGS                                                                  36-41

2.8    The Nature, Type and Method of Aid Allocation  to Various Sectors of the Economy                                42-43

2.9    Conclusion                                                                   44

CHAPTER THREE:  RESEARCH  METHODOLOGY

3.1      Research design                                                          45

3.2    Population of the Study ﾿ 45-46

3.3 ﾿ Statistical Instrument ﾿ Used ﾿ 46

3.4 ﾿ Sample Size ﾿ 46

3.5 ﾿ Theoretical modeling ﾿ 46-47

3.6 ﾿ Specification of the Model ﾿ 47

3.7 ﾿ Decision Rule for Method of ﾿ Data Analysis ﾿ 48-49

CHAPTER FOUR: PRESENTATION,   ANALYSIS  AND INTERPRETATION   OF DATA

4.1 ﾿ Introduction ﾿ 50

4.2 ﾿ Data Presentation ﾿ 50-51

4.3 ﾿ Data Analysis ﾿ 52-54

4.3.1 ﾿ Estimation of the Model ﾿ 54-55

4.3.2 ﾿ The Correlation Co-efficient ﾿ 55

4.3.3 ﾿ Co-efficient of Determination ﾿ 56

4.3.4 ﾿ Test of Significance of the Paramete ﾿ r ﾿ 56-57

4.3.5 ﾿ Standard Error ﾿ 57-59

4.3.6 ﾿ Decision Rule ﾿ 59

4.4 ﾿ Data Interpretation ﾿ 59-61

4.5 ﾿ Conclusion ﾿ 61

CHAPTER FIVE: SUMMARY,  RECOMMENDATION  AND CONCLUSION

Introduction

Summary of Major Findings

Recommendation

Conclusion

Appendix 1

Appendix II

Questionnaire