Effect of public debt, unemployment and economic growth in Nigeria

ABSTRACT

The study investigates public debt, unemployment and economic growth in Nigeria The study however investigates the level of real Gross Domestic Product vis-à-vis external debt, internal debt, unemployment and fiscal deficit. Ordinary Least Square (OLS) is used to estimate four major macroeconomic variables in order to justify their effects on economic growth. The results of the findings further suggest that external debt has a significant impact on the level of economic growth in Nigeria. Therefore, the study recommends among others that accumulation of public debt should be done with caution and project oriented and that the government should do more to diversify the economy as this will reduce the level of unemployment in the country.
TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION
1.1 Background to the Study
1.2 Statement of the Problems
1.3 Objective of the Study
1.4 Statement of hypothesis
1.5 Scope of the Study
1.6 Source of Data 
1.7 Method of study
1.8 Significance of the Study   

CHAPTER TWO: LITERATURE REVIEW & THEORETICAL FRAMEWORK
2.11   Public Debt

2.12   Internal Debt
2.13   Effect of Domestic Debt
2.14   External Debt
2.15   Nigeria’s External Debt Creditors
2.16   Nigerian Government Debt to GDP
2.17   Debt Management in Nigeria
2.18   Bogey of Debt Servicing
2.19   Unemployment
2.20   Types of Unemployment
2.21   Measuring of Unemployment Rate
2.22   Unemployment in Nigeria
2.23  Causes of Unemployment in Nigeria
2.24   Effect of Unemployment on Nigerians
2.25   Policies to Fight Unemployment
2.26   Economic Growth: Definition
2.27   Economic History in Nigeria
2.28   The Nigeria’s Economy and Its Growth
2.29   Theoretical Review
2.29.1  Theories of growth

CHAPTER THREE: RESEARCH METHODS
3.1      Introduction
3.2      Nature and source of data
3.3      Model Specification 
3.4      Estimation Technique

 CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1      Introduction 
4.2      Presentation of result
4.3      Policy implication

  CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1      Summary 
5.2      Conclusion 
5.3     Recommendations  

References