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Nigerian’s Management of the External Debt: Issues, Challenges and Prospects

Author

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  • Anochie Uzoma C.
  • Ude Damian Kalu

Abstract

This study investigates some of the issues that necessitated the country to go into external borrowing. Among some challenges facing the economy which is evidential today are caused by mismanagement or mishandling of external loan. Consequently, the study proffered some solutions on how to manage Nigeria’s external debt, thereby highlighted some policy measures that if implemented would accelerate the level of economic growth and development and increase the standard of living of every citizen which among other reasons are the core motives of borrowing externally.

Suggested Citation

  • Anochie Uzoma C. & Ude Damian Kalu, 2015. "Nigerian’s Management of the External Debt: Issues, Challenges and Prospects," International Journal of Financial Economics, Research Academy of Social Sciences, vol. 4(4), pages 195-208.
  • Handle: RePEc:rss:jnljfe:v4i4p2
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