International records / OpenAlex research

National Debt and Economic Growth in Nigeria: An Empirical Review of Debt Servicing

This study undertook an empirical review of the relationship between national debt and economic growth in Nigeria. The scope spanned from 2000 to 2024 with specific emphasis on the dynamics of real GDP, foreign debt, foreign debt servicing, domestic debt, domestic debt servicing and exchange rate. Using an empirical review approach, this research synthesizes findings from recent studies and evaluates national debt as a critical channel through which economic growth and development could be influenced. The study employs secondary data from the Central Bank of Nigeria, Debt Management Office, Wo…