TABLE OF CONTENT
Title Page
Table of Contents
Chapter one: General introduction
1.1 Background to the study
1.2 Statement of Research Problem and Research Questions
1.3 Objectives of the Study
1.4 Hypotheses
1.5 Significance of the Study
1.6 Scope and Limitations of the Study
1.7 Scheme of Chapters
1.8 Definition of terms;
1.9 Historical Background of Central Bank of Nigeria, Sokoto branch
Chapter two: Literature Review
2.1 Introduction
2.2 Theoretical Frame work
2.3 Government Control over Debt
2.4 Lending and Credit Analysis
2.5 Public Financial Management in Nigeria
2.6 History of Nigeria’s Debt Crises
Chapter Three: Research Design And Methodology
3.1 Introduction
3.2 Research Design
3.3 Population Of the study
3.4 SamplingSizeand sampling technique
3.5 Source of Data Collection
3.6 Method of Data Collection
3.7 Method of Data Analysis
3.8 Hypothesis testing Method
Chapter Four: Data Presentation And Analysis
4.1 Data presentation and summary of findings
4.2 Provision and Analysis of Data Question
4.3 Test of Hypothes
4.4 summary of findings
Chapter five: Summary, Conclusion and Recommendations
5.1 Summary
5.2 Conclusion
5.3 Recommendation
5.5 Bibliography
Appendix
CHAPTER ONE
INTRODUCTION
1.1 Background to the Study
In a modern economy,there is distinction between the surplus economic units and the deficit economic units and inconsequence a separation of the savings investment mechanism.This has necessitated the existence of financial institution whose jobs include the transfer of funds from savers to investors.It is generally expected that developing countries, facing a scarcity of capital, will acquire external debt to supplement domestic saving (Malik et al, 2010; Aluko and Arowolo, 2010).
However, whether or not external debt would be beneficial to the borrowing nation depends on whether the borrowed money is used in the productive segments of the economy or for consumption. Adepoju et al (2007) stated that debt financed investment need to be productive and well managed enough to earn a rate of return higher than the cost of debt servicing. Government debt, or borrowing, includes the contracting or guaranteeing of domestic and external (foreign) debt through loans, financial leasing, on-lending and any other type of borrowing, including concessional and non-concessional borrowing, whatever the source. Debt management strategies is a framework that the government intends to use over the medium-term (five years) to ensure that debt levels stay affordable and sustainable, that any new borrowing is for a good purpose and that the costs and risks of borrowing are minimized.
The main important of debt management strategies in public financial management is that the borrowing country is increasing capacity and expanding output with the aid of foreign savings. The debt, if properly utilized, is expected to help the debtor country’s economies (Hameed et al, 2008) by producing a multiplier effect which leads to increased employment, adequate infrastructural base, a larger export market, improved exchange rate and favorable terms of trade.
However, external debt or internal debt obligations results from disagreements between the Fiscal operations of the government when the total expenditure exceeds current revenue for a govern fiscal year. Whenever a county witnesses a budgetary gap, the nation can employ domestic or...
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