IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH IN NIGERIA

Following the rising spate of debt profile Nigeria and fluctuating trend in her macroeconomic indicators, this study critically examined impact external on economic growth period, 1985 to 2019 by examining causality between stock identify servicing Nigeria. The employed Harrod-Domar theory Two-Gap model as theoretical framework explain made use secondary data sourced from World Development Indicator 2019. Ordinary least square (OLS) technique was adopted for regression analysis. were analyzed with aid e-view software (9th edition). result showed that has negative insignificant Therefore, recommended tax revenue finance public deficit, encouragement foreign direct investment domestic through improvement infrastructural facilities an enabling environment devoid political instability.
 
 JEL: E32, E41, F33, F34, F43
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