- The Complete Research Material is averagely 57 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦6,000
Get the complete project »
![Download Code Ready Instant Download Active](https://codemint.net/assets/home/instantdownloadMain.png)
ABSTRACT
The study examines The Effect of External Debt and Balance of Payment on Economic Growth in Nigeria. This study covers a time span of 35 years (1980-2014). The analytical technique used in this study is multiple regression and the data is secondary and sourced from Central Bank of Nigeria (CBN) publications such as CBN statistical bulletin, CBN annual report as well as economic review documents. The results were obtained using Eview version 8.0 and the major findings is that External Debt has a negative significant effect on economic growth in Nigeria and Balance of payment does not have statistical significant effect on economic growth of Nigeria within the period under review. The study thus recommended that; External debts should be contracted solely for economic reasons and not for social or political reasons to avoid accumulation of external debt stock overtime and Debt Management Office (DMO) should set mechanisms in motion to ensure that loans are utilized for the purpose for which they were acquired among others, to ensure Nigeria in the long run aside having a favourable balance of payment would attain
the status of an industrialized Nation at the barest debt.
Background of the Study
It is generally expected that developing countries, facing a scarcity of capital, will acquire external debt to supplement domestic saving (Malik et al, 2010; Aluko and Arowolo, 2010). Besides, external borrowing is preferable to domestic debt because the interest rates charged by international financial institutions like International Monetary Funds (IMF) is about half the one charged in the domestic market (Pascal, 2010). However, whether or not external debt would be beneficial to the borrowing nation depends on whether the borrowed money is used in the productive segments of the economy or for consumption. Adepoju et al (2007) stated that debt financed investment need to be productive and well managed enough to earn a rate of return higher than the cost of debt servicing.
The main lesson of the standard “growth with debt” literature is that a country should borrow abroad as long as the capital thus acquired produces a rate of return that is higher than the cost of the foreign borrowing. In that event, the borrowing country is increasing capacity and expanding output with the aid of foreign savings. The debt, if properly utilised, is expected to help the debtor country’s economies (Hameed et al, 2008) by producing a multiplier effect which leads to increased employment, adequate infrastructural base, a larger export market, improved exchange rate and favourable terms of trade. But, this has never been the case in Nigeria and several other sub-Saharan African Countries (SSA) where it has been misused (Aluko and Arowolo, 2010).
You either get what you want or your money back. T&C Apply
![](https://codemint.net/assets/public/img/100-money-back-guarantee.png)
You can find more project topics easily, just search
-
SIMILAR ECONOMICS FINAL YEAR PROJECT RESEARCH TOPICS
-
1. IMPACT OF PUBLIC AGRICULTURE EXPENDITURE ON AGRICULTURAL OUTPUT AND ECONOMIC GROWTH: (1990-2015)
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Agriculture, in whatever form it comes or exists food and cash crops production, livestock, poult...Continue Reading »Item Type & Format: Project Material - Ms Word | 72 pages |
Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
-
2. A DISTRIBUTIONAL ANALYSIS OF HOUSEHOLD HEALTH EXPENDITURE IN NIGERIA
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY There is a growing consensus among researchers and health policy makers that out of pocket expend...Continue Reading »Item Type & Format: Project Material - Ms Word | 76 pages |
Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
-
3. NIGERIAN ECONOMY AND FOREIGN DIRECT INVESTMENT BETWEEN 1981 AND 2004
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study The slow rate of or stagnation in economic growth as a feature of most developing countries is sa...Continue Reading »Item Type & Format: Project Material - Ms Word | 66 pages |
Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
-
4. THE IMPACT OF MONETARY POLICY ON COMMERCIAL BANK LENDING ABILITIES IN NIGERIA (A CASE STUDY OF FIRST BANK OF NIGERIA PLC)
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The importance of monetary policy in the economic development of developing countries has attract...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
-
5. IMPACT OF EXTERNAL TRADE ON NIGERIA’S ECONOMIC GROWTH (1980-2013)
» ABSTRACT This study empirically examined the impact of external trade on economic growth of Nigeria between the period 1980 2013. The study employed O...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
-
6. POPULATION PRESSURE AND FOOD PRODUCTION IN NIGERIA
» ABSTRACT Today, millions of people in the world are without food especially in the developing world which has been of great concern as stipulated in t...Continue Reading »Item Type & Format: Project Material - Ms Word | 56 pages |
Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
-
7. THE IMPACT OF FISCAL DEFICIT ON ECONOMIC PERFORMANCE IN DEVELOPING COUNTRIES, A CASE STUDY ON NIGERIA
» CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY One of the most important aspects of fiscal policy is the management of fiscal deficit, such fiscal d...Continue Reading »Item Type & Format: Project Material - Ms Word | 54 pages |
Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
-
8. COMPARATIVE ANALYSIS OF MONETARY AND EXCHANGE RATE POLICY ON NIGERIA ECONOMIC GROWTH
» CHAPTER ONE INTRODUCTION 1.1 Background of the study However, monetary policy as a technique of economic management to bring about Sustainable economi...Continue Reading »Item Type & Format: Project Material - Ms Word | 61 pages |
Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
-
9. THE IMPACT OF PRIVATIZATION AND COMMERCIALIZATION ON NIGERIAN ECONOMY (1985-2010)
» CHAPTER ONE INTRODUCTIONS 1:1 BACKGROUND OF THE STUDY The ultimate goal of any credible and legitimate government is to ensure sustained improvement i...Continue Reading »Item Type & Format: Project Material - Ms Word | 73 pages |
Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
-
10. IMPACT OF REAL ESTATE SECTOR TO THE ECONOMIC GROWTH OF NIGERIA
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The Real Estate sector offers a great potential source of growth forNigeria. Until now, the under...Continue Reading »Item Type & Format: Project Material - Ms Word | 67 pages |
Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT