CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The accumulation of external debt is a common phenomenon of the third World countries at the stage of economic growth and development where the supply of domestic savings is low, current account payment deficit is high and import of capital is needed to increase domestic resources.
The management of Nigeria’s external debt has been a major macroeconomic problem especially since the early 1980s. For many years now, the country’s debt has been growing in spite of the efforts being made by the Government to manage and minimize its crushing effects on the nation’s economy. Such efforts range from the various refinancing and restructuring agreements to debt conversion programme and the deliberate allocation of substantial resources towards servicing the debt. Of particular concern to the authorities, is the heavy debt burden it imposes when compared with the country’s debt service capacity.
In recent years, however, some observers have held different perceptions about Nigeria’s capacity or otherwise to service her debt.
This material content is developed to serve as a GUIDE for students to conduct academic research
THE EFFECT OF EXTERNAL DEVELOPMENT ON THE NIGERIA ECONOMIC GROWTH (1989-2010)>
Project 4Topics Support Team Are Always (24/7) Online To Help You With Your Project
Chat Us on WhatsApp » 09132600555
DO YOU NEED CLARIFICATION? CALL OUR HELP DESK:
09132600555 (Country Code: +234)
YOU CAN REACH OUR SUPPORT TEAM VIA MAIL: [email protected]
DO YOU NEED CLARIFICATION? CALL OUR HELP DESK:
09132600555 (Country Code: +234)
YOU CAN REACH OUR SUPPORT TEAM VIA MAIL: [email protected]
Related Project Topics :
THE GROWTH OF INDIGENOUS FIRMS IN NIGERIA PROBLEMS AND PROSPECT
INFLATION AND UNEMPLOYMENT TRADE OFF IN NIGERIA PHILLIP CURVE
IMPACT OF INFORMATION COMMUNICATION TECHNOLOGY ON THE DEVELOPMENT OF RURAL AREA IN NIGERIA
THE IMPACT OF STOCK MARKET PERFORMANCE ON THE GROWTH OF NIGERIAN ECONOMY
AN APPRAISAL OF THE IMPACT OF THE GLOBAL FINANCIAL CRISIS ON THE NIGERIAN ECONOMY
THE EFFECT OF CRUDE OIL INCOME ON PRICE STABILITY IN NIGERIA
THE IMPACT OF MONETARY POLICY ON FOREIGN TRADE IN NIGERIA
THE IMPACT OF UNEMPLOYMENT, INFLATION AND CLIMATE CHANGE ON NIGERIA ECONOMY (2015 – 2022)
GLOBAL ECONOMIC RECESSION: ITS IMPACT ON THE BANKING INDUSTRY IN NIGERIA
THE IMPACT OF FINANCIAL LITERACY ON ECONOMIC DEVELOPMENT OF NIGERIA