TY  - JOUR
T1  - Public Debt and the Nigerian Economy
AU - Akhanolu, Isibor Areghan AU - Victoria, Akinjare AU - Babajide, A.A. AU - Oladeji, Adesina 
JO  - Asian Journal of Information Technology
VL  - 17
IS  - 2
SP  - 92
EP  - 97
PY  - 2018
DA  - 2001/08/19
SN  - 1682-3915
DO  - ajit.2018.92.97
UR  - https://makhillpublications.co/view-article.php?doi=ajit.2018.92.97
KW  - economy
KW  -external debt
KW  -internal debt
KW  -economic growth
KW  -Public debt
KW  -stage
AB  - Every government borrows either from within its territory or from abroad to finance development
projects that would impact her economy. This study, thus, focuses on the Nigerian government’s debt and its
impact on economic growth from 1982-2013 using the two-stage least square regression. For the first equation,
both internal and external debt and their lags were regressed against GDP the result showed that external
negatively impacts the economy while internal debt positively does the same. For the second equation, GDP,
total savings deposits in the Nigerian Deposit Money Banks and capital expenditure were regressed against
internal debt, the result showed that all the variables have significant relationship with internal debt. The study,
thus, recommended that first; corruption of borrowed funds should be tackled at all cost and also, government
should minimize external borrowing, since, it impacts the economy negatively.
ER  -