THE EFFICACY OF DEBT MANAGEMENT STRATEGIES ON NIGERIA'S EXTERNAL DEBT BURDEN (

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dc.contributor.authorEPUNDU, PATRICIA LUCIA
dc.date.accessioned2014-03-03T11:23:54Z
dc.date.available2014-03-03T11:23:54Z
dc.date.issued1996-03
dc.descriptionA THESIS SUBMITTED TO THE POSTGRADUATE SCHOOL, AHMADU BELLO UNIVERSITY ZARIA, NIGERIA IN PARTIAL FULFULLMENT OF THE REQUIREMENTS FOR THE AWARD OF M.Sc DEGREE IN ECONOMICS DEPARTMENT OF ECONOMICS FACULTY OF SOCIAL SCIENCES AHMADU BELLO UNIVERSITY, ZARIA NIGERIA MARCH, 1999en_US
dc.description.abstractResearch studies were carried out over a period of 21 years (1976 - 1996) to assess the efficacy of debt management strategies on Nigeria's external debt in relation to the looming profile of the country's debt and debt service burden in the 1980s. As a result of the ever increasing debt burden on the government and the telling effect of the burden on the citizenry, the government decided to decisively embark on some policy measures aimed at managing these problem efficiently. The sole purpose of embarking on effective management policies was to stimulate economic growth. This study has been able to examine critically the extent to which the evolved policies vis-a-vis external debt management strategies put in place have been successful or otherwise. In order to ease our task, ratios such as debt service payment to exports, debt service payment to GDP at current factor cost among others was employed in measuring their respective influence on the debt burden. This is achieved by making debt service payment to export the dependent variable (because it is commonly used as a proxy for external debt burden) while the other ratios - (debt service payment to GDP at factor cost, exchange rate of the naira, external debt outstanding to export earnings amongst others) serve as the independent variables. The findings of the study revealed that these strategies are short-term in nature and cannot solve the debt problem in the long run. The study then recommends the application of international debt relief proposals, reduction and cancellation of debt amongst others, as a long term solution to reduce the debt burden of the nation.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/3078
dc.language.isoenen_US
dc.subjectEFFICACYen_US
dc.subjectMANAGEMENTen_US
dc.subjectSTRATEGIESen_US
dc.subjectNIGERIA'S EXTERNALen_US
dc.subjectDEBT BURDENen_US
dc.titleTHE EFFICACY OF DEBT MANAGEMENT STRATEGIES ON NIGERIA'S EXTERNAL DEBT BURDEN (en_US
dc.typeThesisen_US
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