Relationship between Domestic Debt and Economic Growth of Nigeria
Journal Title: International Journal of Social Science And Human Research - Year 2022, Vol 5, Issue 06
Abstract
Nigeria is one of the most highly indebted countries that have low income growth and low per capita income. Government seems to lack the potentials to generate revenue domestically to meet up with developmental goals and other national in order to attain the desire economic growth. Hence government resorts to borrowing. The paper examines the relationship between domestic debt and economic growth in Nigeria. The results reveal that domestic debt does not have significant impact on economic growth in the short run but significant negative impact in the long-run. The government should therefore monitor the disbursement of loan on real growth- enhancing capital projects instead of recurrent expenditure. Also, government should formulate policies aimed at increasing her ability to generate more revenue to meet her expenditure demand.
Authors and Affiliations
John Akintayo OMIMAKINDE, Segun Zacchaeus ONIFADE
Keywords
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- EP ID EP704937
- DOI 10.47191/ijsshr/v5-i6-19
- Views 108
- Downloads 0
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