References
AC-Ogbonna, C. & Okosu, N. D. (2019). Econometric analysis of the effect of external debt on the economic growth of Nigeria. International Journal of Advances in Scientific Research and Engineering (IJASRE), 5(11), 42–52. https://doi.org/10.31695/ijasre.2019.33573 Adekunle, W., Adeniyi, O., & Orekoya, S. (2021). Non-linear relation between external debt and economic growth in Nigeria: Does the investment channel matter? Iranian Economic Review, 25(1), 45–56. https://doi.org/10.22059/ier.2021.81859 Adeniji, S. O., Adeola, O., & Omotayo, A. O. (2025). Macroeconomic stability and economic growth nexus in Nigeria: An empirical assessment. African Journal of Economic Policy, 32(1), 73–95. Afonso A, Silva J. Determinants of nonresident government debt ownership. Applied Economics Letters. 2017; 1:107–112. doi: 10.1080/13504851.2016.1167818. Akanbi, A., Uwaleke, U. J., & Ibrahim, U. A. (2022). Effect of external debt service on economic growth in Nigeria. Scientific Research Publishing. https://doi.org/10.4236/jssm.2022.154026 Akinola, G. W., & Ohonba, A. (2024). The effects of external debt and foreign direct investment on economic growth in Nigeria. Economies, 12(6), 142. https://doi.org/10.3390/economies12060142 Aladejare, S. A. & Musa, M. A. (2024). Impact of external debt servicing and sustainability on the Nigerian economy. J Bus Econo Stud. 2024. 1(5): 1-9. https://doi.org/10.61440/jbes.2024.v1.38 Asteriou, D., & Hall, S. G. (2021). Applied econometrics (4th ed.). Red Globe Press. https://doi.org/10.1007/978-3-030-53953-5 Ayunku, P. E. & L. M. E. (2016). Econometric analysis of external debt, exchange rate and economic growth in Nigeria. International Refereed Social Sciences Journal. https://doi.org/10.18843/rwjasc/v7i2/08 Ewubare, D. B., Okwanya, I., & Akekere, J. (2017). Foreign reserves accumulation and economic growth in Nigeria: An empirical analysis. International Journal of Economics and Financial Issues, 7(4), 2751–2759. Ezeabasili, V. N., Isu, H. O., & Mojekwu, J. N. (2011). Nigeria’s external debt and economic growth: an error correction approach. Canadian Center of Science and Education. https://doi.org/10.5539/ijbm.v6n5p156 Ideh, T. & Uzonwanne, M. C. (2021). Impact of external debt on economic growth in Nigeria. International Journal of Mechanical Engineering & Technology (IJMET). https://doi.org/10.34218/ijmet.12.7.2021.007 Johansen, S. (1991). Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models. Econometrica, 59(6), 1551–1580. https://doi.org/10.2307/2938278 John, E. O., Michael, O., & Nwachukwu, U. (2022). External debt, debt servicing, and economic growth in Nigeria: A VECM approach. Journal of Applied Economics and Policy, 41(2), 665–685. Kolawole, O. A. (2024). External debt burden and economic growth in Nigeria: Evidence from ARDL bounds testing. Cogent Economics & Finance, 12(1), 142–155. Lütkepohl, H. (2005). New introduction to multiple time series analysis. Berlin: Springer. https://doi.org/10.1007/978-3-540-27752-1Ndubuisi, P. (2017). Analysis of the impact of external debt on economic growth in an emerging economy: evidence from Nigeria. African Journals OnLine. https://doi.org/10.4314/afrrev.v11i4.13 Obayori, J. B., Krokeyi, W. S., & Kakain, S. (2019). External debt and economic growth in Nigeria. International Journal of Science and Management Studies (IJSMS), v2(i2), 1-6. https://doi.org/10.51386/25815946/ijsms-v2i2p101 Odey, F. I., Owan, J. O., & Owan, J. N. (2023). External debt burden and economic growth in Nigeria. International Journal of Economics and Financial Management (IJEFM). https://doi.org/10.56201/ijefm.v8.no3.2023.pg73.87 Oluwadare, B. P., Chukwuka, J. O., Olabanji, O., & Kukoyi, E. (2024). Examination of external debts effect on Nigeria’s economic development. European journal of business and innovation research. https://doi.org/10.37745/ejbir.2013/vol12n71737 Onakoya, A. B. & Ogunade, A. O. (2017). External debt and Nigerian economic growth connection: evidence from autoregressive distributed lag approach. https://doi.org/10.15640/jeds.v5n1a7 Osuji, C.C., Ehrijakpor, A., Mgbeze, & Candidacy, J. C. (2023). External debt and agricultural production in Nigeria. Finance & Accounting Research Journal, Volume 5, Issue 1. https://doi.org/10.51594/farj.v5i1.436 Otieno, S. M. (2024). Capital formation and economic growth in Sub-Saharan Africa: Empirical evidence. African Development Review, 36(2), 602–616. Tama, H. J. & Habila, S. (2022). Impact of external debt on economic growth in Nigeria: 1986- 2019. American Journal of Economics and Business Innovation, 1(3), 55–72. https://doi.org/10.54536/ajebi.v1i3.570
