Download Tag: PUBLIC DEBT

CHAPTER ONE INTRODUCTION Background of study In recent times, Nigerian economy has been characterized by high levels of public debt along with persistent low economic growth. As such, an understanding of the dynamics between public debt and growth is critical in addressing the obstacles to economic growth and to improve debt sustainability in Nigeria (Omet, Aktham&Fadwa, 2002). Traditionally, the main drivers of economic growth are the level and quality of ...

CHAPTER ONE INTRODUCTION Background of study In recent times, Nigerian economy has been characterized by high levels of public debt along with persistent low economic growth. As such, an understanding of the dynamics between public debt and growth is critical in addressing the obstacles to economic growth and to improve debt sustainability in Nigeria (Omet, Aktham&Fadwa, 2002). Traditionally, the main drivers of economic growth are the level and quality of ...

ABSTRACT The study examined the effect of public debt on economic growth in Nigeria, using the time frame 2000-2015 (5 years). It was established in the study that before the introduction of appropriate  government expenditure, public funds were grossly mismanaged, excessive borrowing, high occurrence of corruption in Nigerian public sector which as lead to surplus debt on the economy. The study employed the descriptive survey design in conjunction with the ...