International records / OpenAlex research

Impact of Public Debt on the Nigerian Economy

Public debt has been used by government to finance their expenditure, especially when there are budgetary deficits. This has left many developing countries like Nigeria with humongous outstanding debts from both domestic and external sources, thus the need to examine the impact of public debt on the Nigerian economy. This paper addresses the impact of public debt, namely domestic debt and external debt on the Nigerian economy from 2008 to 2023. A multiple regression model and the ordinary least squares technique were employed in the analysis. Results showed that domestic debt had negative and …