THE ECONOMIC IMPACT OF NATIONAL DEBT ON GROWTH AND DEVELOPMENT: A CASE STUDY OF NIGERIAN ECONOMY
THE ECONOMIC IMPACT OF NATIONAL DEBT ON GROWTH AND DEVELOPMENT: A CASE STUDY OF NIGERIAN ECONOMY
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Date
1999
Authors
BABAJO, UBANGIDA ADAMU
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Abstract
Ordinary, National debt means the quantum of resources acquired by the Nation from
within and outside the nation to finance development programmes especially when
domestic (public) savings fall short of investment outlay.
The economic or rather positive impact of this national debt is to specifically, amount to
resources available to the government for spending outside its autonomous earnings, thus,
both domestics and foreign debt are sources for argumenting available resources in the
drive to accelerate economic growth and development, and encourage external sector
competitiveness.
The Nation external borrowing has significantly supplement domestic savings and at the
same time stimulate economics activities. In particular production, which in turn lead to
increase in output and at the same time accelerate the growth and development of the
economy.
This presentation strives to explore and analyze critically the structure of Nigerian
Internal and External debt and to see to what extent has helped public and the nation
image and confidence. Method used to achieve this objectives include, the use of
historical data, direct and indirect observation, interview and documents study.
The empirical finding has shown that, the nation is heavily indebted because of
indiscriminate borrowing without accompanying capacity for repayment but not
withstanding the size and composition of the nation debt, these still exist an implied
correlation between economic growth and development and the nation total debt.
To Manage Debt effectively, authorities must project the time profile of debt service
obligations. They must accurately forecast export earnings, domestic revenues and future
access to finance. They must also monitor the potential for repaying or refinancing their
debt to take advantage of new borrowings on better terms, to adopt loan maturities to
project revenues or to cope with shortfalls in earnings from exports or unanticipated
expenditures on imports.
Description
BEING A THESIS SUBMITTED TO THE POSTGRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY ZARIA, IN PARTIAL FULFILLMENT
OF THE REQUIREMENTS FOR THE AWARD OF MASTER OF
BUSINESS ADMINISTRATION (MBA)
DEPARTMENT OF BUSINESS ADMINISTRATION
FACULTY OF ADMINISTRATION,
A.B.U.ZARIA.
Keywords
ECONOMIC,, IMPACT,, NATIONAL,, DEBT,, GROWTH,, DEVELOPMENT,, CASE STUDY,, NIGERIAN ECONOMY