Debt Profile and States Productivity: Evidence from Nigeria
Keywords:
Debt Profile, Domestic Debt, Debt Management, Productivity, NigeriaAbstract
This study examines the extent of the debt profile of the productivity of the states in Nigeria.
Using data from the National Bureau of Statistics from 2013 to 2017, the study employed a
linear regression with debt, sub-sector (agriculture, industry and service) on GDP as
variables, while panel data analysis was equally employed to assess the net effect. Findings
from the study show that debt taken so far positively enhances GDP, with it contributing
more to the agricultural sector. The net effect of time shows 2017 to be the most impactful
year with the high influx of investors. This study recommends that more emphasis should
be given to the industrial sector as its multiplying effect can lead to more productivity.