Economics, Econometrics and Finance
3 years ago

National debt burden in Nigeria threatens economic stability, study finds.

Economics and Business
Impact of National Debt Burden on Economic Stability in Nigeria
Kingsley Onyekachi Onyele, Emmanuel Chijioke Nwadike

Paper Summary

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The article examines how national debt affects Nigeria's economy. By analyzing data from 1981 to 2019, the researchers found that high debt levels, low foreign reserves, and insufficient government revenue can harm economic stability. In the long run, these factors have a negative impact on the economy, especially when government revenue is low. In the short term, high debt and low reserves also hurt economic stability, while exchange rates can have a positive effect.