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
Related Articles
- EP ID EP704937
- DOI 10.47191/ijsshr/v5-i6-19
- Views 97
- Downloads 0
Position and Moral Existence in System Law in Indonesia
This research will specifically discuss the position and essence of morality in the legal system in Indonesia. The research method used is normative juridical with a conceptual approach. The results of the study conclude...
Firm’s Financial Performance: Case Study of the Philippine Property Sector
This study evaluates the financial performance of Philippine property sector companies. It also aims to help these businesses make informed financing choices that may affect their financial performance. This study is bas...
An Analysis of Aesthetic Education and Personality Cultivation among College Students in China Based on Social Cognitive Theory
The present study aims to explore the awesome association between aesthetic education and character improvement, expressly focusing on students in China. Aesthetic education, defined as the joining of innovative and imag...
Streamlining Grading Processes: A Study on the Efficacy of Microsoft Excelas a Tool for Minimizing Teacher Workload and Shortening Test Paper Checking Time
This research study investigates the effectiveness of Microsoft Excel as a tool for streamlining grading processes in educational institutions. The study examines whether MS Excel can minimize teacher workload or shorten...
Legal Protection for Users of Affiliate Services in Binary Option Platform Transactions
The purpose of this study is to examine the extent of legal protection provided to users of Binary Option platform services on the basis of affiliate violations and whether affiliates are liable for losses experienced by...