Browsing by Author "Otiko, Ugochukwu Nnamdi"

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    DEBT SERVICING AND ECONOMIC GROWTH IN NIGERIA: MODERATING EFFECT OF CORRUPTION
    (Department of Accounting, Nasarawa State University Keffi, 2022-01-01) Otiko, Ugochukwu Nnamdi; Iyere, Samuel Iheonkhan
    The aid of this study was to examine the effect of debt servicing on economic growth in Nigeria with corruption as a moderator. Debt servicing was proxy by foreign and domestic debt servicing, while economic growth was proxy by gross domestic product. Also, corruption was measured using the corruption perception index o f the Transparency International. This study adopted ex post facto research design and relied on documentary evidence from CBN statistical bulletin from 1990 to 2020. The study used multiple regression analysis technique for the purpose o f analysis after both time series tests such as unit root, cointegration and normality were conducted. The result o f this study showed that foreign debt servicing has significant effect on GDP, while the domestic debt servicing does not have any significant effect on GDP in Nigeria. The study also, showed that corruption as a moderator a negative indirect effect on relationship between debt servicing and economic growth in Nigeria. Based on the findings, the study concluded that debt servicing can be used as a predictor of economic growth in Nigeria. Therefore, the study recommended that Government should regularly service her debts as non-service could amount to debt covenant violation charges which could mean more cash outlay for the governmen