Economic and Financial Review


S. E. Omoruyi


Central Bank of Nigeria, Research Department.


External debt, Debt management, Debt stock, Growth Domestic Product (GDP), Nigeria.


The purpose of this paper is to outline the debt management strategies adopted by Nigeria so far and articulate the way forward. For ease of presentation, the paper is divided into five parts. Part I dwells on the theoretical nexus articulating the major ingredients influencing the size of the debt stock. Part II outlines the structure of Nigeria's external debt as well as the debt dynamics. Parts III and IV contain the analysis of the debt management strategies adopted by Nigeria thus far indicating the problems and prospects. Part V summarises some of the leading issues and concludes the paper.





Recommended Citation

Omoruyi, S. E. (1995). Managing Nigeria's external debts: retrospects and prospects. Economic and Financial Review, 33(4), 357-381.



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