Economics, Econometrics and Finance
3 years ago

Continuous Public Debt in Nigeria Impacts National Growth and Development

1 view
Journal of Resources Development and Management
Appraisal of Continuous Use of Public Debt on the Nation’s Growth and Development
Mojisola Oladunni Jacob-Udeme, Samson Olusola Olojede, Godwin Emmanuel Oyedokun

Paper Summary

The article examines how using public debt in Nigeria affects the country's growth and development. It talks about why countries, including Nigeria, use public debt and uses the Ricardo Theory to explain it. The relationship between public debt and national development is explored, leading to a conclusion.

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