International records / OpenAlex research
External Debt and Economic Growth in Nigeria
External credits have been received from various sources including bilateral and multilateral arrangements but the country’s debt is a source of worry since the projects for which these loans were contracted cannot finance the credit facilities. This paper focused on the impact of external debt on economic growth in Nigeria within the period of 1980 to 2016. Thus, secondary data on gross domestic product and external debt were sourced from CBN statistical bulletin and debt management office fact book. The econometric method of Generalized Method of Moments(GMM) test was used. Priori the GMM te…
