ONAFOWOKAN IBIYEMI AJOKE

Economics

At the Economics department office

Appointment on Visitation important

Topic: HEALTH AND ECONOMIC GROWTH IN NIGERIA

Description: THE RESEARCH IS ABOUT HOW TO IMPROVE HEALTH SECTOR TO ENHANCE ECONOMIC GROWTH AND DEVELOPMENT IN NIGERIA

#	Certificate	School	Year
1.	M.Sc (ECONOMICS)	UNIVERSITY OF IBADAN ECONOMICS DEPARTMENT	1992

EXTERNAL DEBT AND THE NIGERIA ECONOMY: AN EMPIRICAL ANALYSIS

The study seeks to determine the impact of external debt on Nigeria using annual data from 1981-2009. In our empirical analysis, we run ordinary least square test to verify the statistical significance of the variables used and Johansen cointegration to determine the order of integration among the variables. Empirical investigations revealed that the coefficient of external debt is statistically significant at 5% while other variables such as prime lending rate. Growth rate of GDP are not statistically significant. Our cointegration results revealed the existence of two cointegrating equations at 5% level of significance among Gross domestic product, external debt, PLR, GRGDP and GREXDS. The results show the existence of long-run relationship among the variables.Nigerias economic histories in the pre and post independence era are important in order to understand the magnitude of her economic problems and the measures in the recent past to combat the external debt crisis and achieve sustainable economy recovery and growth

ONAFOWOKAN IBIYEMI is a Lecturer II at the Department of Economics

ONAFOWOKAN has a M.Sc in ECONOMICS from UNIVERSITY OF IBADAN ECONOMICS DEPARTMENT