International records / OpenAlex research

Foreign Debt Accumulation and Sectoral Infrastructure Development in Nigeria: A Time Series Analysis

This study empirically investigates the relationship between foreign debt accumulation and sectoral infrastructure development in Nigeria with a focus on the manufacturing sector, proxied by Manufacturing Sector Gross Domestic Product (MSGDP). Using annual time-series data spanning 1994–2024, the research adopts an ex post facto design and applies the Autoregressive Distributed Lag (ARDL) estimation technique to capture both the short-run dynamics and longrun relationships. The explanatory variables include External Debt Stock (EDS), Debt Service Ratio (DSR), Multilateral Share of External Deb…