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Domestic Debt Structure, Interest Rate and Economic Growth in Nigeria (1990–2023)

This study empirically examines the impact of domestic debt on economic growth in Nigeria over the period 1990–2023. Specifically, the study evaluates the inpact of domestic debt, debt servicing, and interest rate on economic growth proxied by Real Gross Domestic Product (RGDP). Annual time series data were obtained from the Central Bank of Nigeria (CBN) Statistical Bulletin and analyzed using modern econometric techniques. The study employed descriptive statistics, Augmented Dickey–Fuller (ADF) unit root test, bounds cointegration test, and the Autoregressive Distributed Lag (ARDL) model to e…

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    SHA-256 748108d90fd8f608c6396b97aefb7821ff02cbb222eab91f29d16c2a26b6ebbc
    from https://iiardjournals.org/get/IJEFM/VOL. 11 NO. 6 2026/Domestic Debt Structure Interest 263-277.pdf