External Debt And Economic Growth In Nigeria

ABSTRACT This study reviewed the with specific emphasis on Nigeria Over the period of 1985-2014. One major problem of this study is under development of the Nigeria Economy. An objective of the study is to measure the impact of external debt on the Growth of the nation. The theoretical view sees External debt as fiscal policy instrument which fills the savings Gap. By extension, external debt supplements Government external reserves and sustainable economic growth. In Empirical result, borrowings should become an option only when high priority projects are being considered and borrowed fund s…