References
Akhanolu, I. A., Adeyemi, S. O., and Ojo, M. O. (2018). Public debt and economic growth in Nigeria: Evidence from a two-stage least squares approach (1982–2017). Journal of Economics and Sustainable Development, 9(14), 45–56. Asue, J. T., and Ikyaator, A. A. (2023). External debt pass-through to inflation in Nigeria: Evidence from annual data (1981–2020). International Journal of Monetary Economics and Finance, 16(2), 203–221. Abdullahi, M. M. (2016). External debt, debt overhang, crowding out effects and capital formation in Nigeria and South Africa (Doctoral Dissertation). Universiti Utara Malaysia. Adamu, I. M., and Rasiah, R. (2016). External debt and economic growth: Evidence from Nigeria. African Journal of Economic Review, 4(2), 1-16. Aghion, P., and Howitt, P. (2009). The Economics of Growth. Cambridge, MA: MIT Press. Akanbi, A., Uwaleke, U. J., and Ibrahim, U. A. (2022). Effect of external debt service on economic growth in Nigeria. Journal of Service Science and Management, 15,437-451. Akhanolu, I. A., Babajide, A. A., Akinjare, V. A., Tolulope, O., & Godswill, O. (2018). The effect of public debt on economic growth in Nigeria: An empirical investigation. International Business Management, 12(6), 436-441. Akram, T., and Das, A. (2014). Understanding the low yields of the long-term Japanese sovereign debt. Journal of Economic Issues, 48(2), 331-340. Asafo, S. S., and Matuka, A. (2019). External debt and economic growth in Ghana: a cointegration and vector error correction analysis. Theoretical and Practical Research in Economic Fields, 10(1), 45-53. Awan, A. G., and Qasim, H. M. (2020). The impact of external debt and debt servicing on the economic growth of Pakistan. Journal of Economic Studies, 47(6), 1-15. Dawood M, Baidoo S.T and Shah S.M.R (2021). An empirical investigation into the determinants of external debt in Asian developing and transitioning economies, Development Studies Research, 8:1, 253-263. Ekone, F. A., and Amaghinoyeodiwe, I. A. (2020). Does corruption cause economic growth in Nigeria. Journal of Management, Economic, and Industrial Organization, 4(2), 89- 108. Grace, O. E., Ebele, O. F., and Augustine, O. E. (2019). External debt and economic growth: The Nigeria experience. International Journal of Economics and Financial Management, 4(3), 47-58. Ismael, R., Khan, S., and Bello, O. (2024). External debt and economic growth in developing countries: Threshold effects and governance implications. Journal of International Development and Policy Studies, 12(1), 77–98. Kpalukwu, E., and Ezekwe, C. I. (2023). Understanding the Growth Implications of Debt Servicing in Nigeria. International Journal of Economics and Business Management , 9(5), Kolawole, K. D. (2023). Public debt, debt servicing and economic growth in Nigeria: An ARDL approach (1992–2023). CBN Journal of Applied Statistics, 14(2), 1– 20. Lee, K., and Thampapillai, D. J. (2016). External debt in macroeconomics: a review. International Journal of Economics and Business Research, 12(2), 103-118. Lwanga, M. M., and Mawejje, J. (2014). Macroeconomic Effects of Budget Deficits in Uganda: A VAR-VECM Approach. Advances in Management and Applied Economics, 4(6), 81-108. Manik, N., and Khan, N. A. (2018). Public debt and economic growth in India: Evidence from Granger causality test. In Challenges and Issues in Indian Fiscal Federalism. Singapore: Springer. Musibau, H. O., Mahmood, S., Ismail, S., Shamsuddin, Z., and Rashid, N. (2018). Does external debt cause economic growth? An experience from ECOWAS Member Countries. International Journal of Academic Research in Business and Social Sciences, 8(11), 1256-1264. Muhammad, M. A., and Abdullahi, K. (2020). The impact of external debt servicing on economic growth in Nigeria: Evidence from ARDL bounds testing. Nigerian Journal of Economic Policy, 7(1), 55–70. Mohammed, S. R. (2022). Determinants of external debt in Nigeria: Exchange rate, current account, and interest cost dynamics. African Journal of Economic Review, 10(4), 121–137. Ndu, E. E. (2024). Debt servicing payment: the bane of economic growth in Nigeria. Global Journal of Social Sciences, 23(1), 15-23. Ndubuisi, P. (2017). External debt and economic growth in Nigeria: A time series econometric approach. Journal of Developing Areas, 51(3), 41-56. Ndugbu, M. O., Otiwu, K. C., and Okafor, C. L. (2024). Domestic debt and exchange rate stability in Nigeria (1980 - 2021). IIARD International Journal of Banking and Finance Research, 10(2), 1-19. Nwagu, G. U., Orji, A., Ejike, D. E., and Anthony-Orji, O. I. (2023). Economic growth and FDI nexus in Nigeria: A new evidence. Journal of Liaoning Technical University, 17(11), 215-235. Ogbonna, C. A., Okezie, P. I., and Ofoegbu, D. I. (2021). External debt service and economic growth in Nigeria: Long-run evidence. Journal of Finance and Economics Research, 5(2), 89–104. Ogbonna, C. A., Nwankwo, B. O., and Uche, A. O. (2022). The effect of external debt service on economic growth in Nigeria (1981–2020): An ARDL approach. International Journal of Economics and Management Sciences, 11(6), 201–215. Shkolnyk, I., and Koilo, V. (2018). The relationship between external debt and economic growth: Empirical evidence from Ukraine and other emerging economies. Investment Management and Financial Innovations, 15(1), 387-400. Sunday, D. and Agubata, N.S. (2023). Effect of management efficiency on performance of listed consumer goods companies in Nigeria. International Journal of Economics and Business Management 9(3) 2489-0065 Umoh, M. E., and Boniface, C. I. (2024). External debt and economic development in Nigeria: An empirical analysis (2011–2021). African Development Review, 36(1), 15– 28. Victoria, O. I., Mbadike, N. S., and Ikechi, K. S. (2021). Nigeria’s domestic public debts and economic development. International Journal of Management Science and Business Administration, 7(5), 7-22.