IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 8 NO. 4 2022
DOI: https://doi.org/10.56201/ijssmr.v8.no4.2022.pg84.97

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Public Debt Management and Economic Growth: A Comparative Analysis of Pre-Covid 19 and Post-Covid 19 Pandemic

Onyenaju Oghenero Cosmas, FCA, Ven Dr. JKJ Onuora

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Abstract

This study examine the comparative analysis of pre-COVID-19 and Post COVID -19 debt management on gross domestic product using external debt and servicing debt in Nigeria. Using data set from 2016-2021, the study adopted E x Post Facto research design. Data were extracted from Central Bank of Nigeria (CBN) Statistical Bulletin and World Bank Statistical Bulletin. The inferential statistics of the data was conducted with regression analysis via SPSS statistical software. Based on the result shows that pre COVID-19 pandemic characterized with higher economic growth, debt servicing and debt borrowing when compared with the situation after the pandemic in Nigeria. In addition, the study suggested that the government should restructure and consolidate discretionary spending to free up resources to fund the economic impact related to productivity.

keywords:

Debt management, External debt, Servicing debt and Gross domestic product

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