Nigeria's Optimal Public Debt Threshold Revealed: Key to Economic Growth.
Public debt in Nigeria was studied to see if it is sustainable for economic growth. The researchers used data from 1981 to 2021 and a method called GMM. They found that having too much debt can harm the economy, but having some debt is good. The best range for public debt is between 30% and 40% of the country's total debt. To avoid problems, Nigeria should use external debt wisely and not borrow too much.