International records / OpenAlex research

External Debt and Nigeria's Sovereignty

This paper examines external debt and Nigeria’s sovereignty. The methodology of this research is based on content and qualitative analyses. The paper argues that external debt influences the sovereignty of Nigeria in different ways. These include the imposition of adjustment programmes ie privatization, devaluation, deregulation and trade liberalization. These programmes have subjected Nigeria to political control by the international financial institutions and affected Nigeria’s sovereignty vis-à-vis the place of the country in the comity of nations. The paper also argues that the imposition …