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2016 | 74 | 41--47
Tytuł artykułu

Public Debt and Sustainable National Development in Nigeria: Analysis of Fundamental Issues

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This study raises some fundamental issues in the relationship between public debt and sustainable national development in Nigeria. The work is significant in highlighting the position of public debt in the subject area of public administration. The study finds a very weak linkage between public debt and sustainable national development in the Nigerian state. The theoretical framework of the investigation is the bureaucratic theory. The work finds that the bureaucracy is as guilty as the politician in the country, in the transmutation of public debt into a brand of national bazaar. It is finally recommended in the paper that taxation-increases be adopted as alternative to public debt, in ensuring that the current generation of the country's citizens, in meeting their immediate needs do not invariably endanger the capacity of future generations in the same regards. (original abstract)
Rocznik
Tom
74
Strony
41--47
Opis fizyczny
Twórcy
  • University of Nigeria Nsukka, Nigeria
  • University of Nigeria Nsukka, Nigeria
Bibliografia
  • Adebayo W.K., Olowookere J.K., Managing Nigerian debt: The practical solutions, Research Journal of Finance and Accounting. 4(19) (2013) 116-123.
  • Bhatia H.L., Public Finance, Twenty sixth edition, Vikas Publishing House, New Delhi, 2008.
  • Celik M., Dogan E., A theoretical approach to the science of management, International Journal of Humanities and Social Science. 1(3) (2011) 65-69.
  • Checherita C.D., Rother P., The impact of high and growing government debt on economic growth: an empirical investigation for the euro area, European Central Bank, Frankfurt am Main, 2000.
  • Chukwunyem T., Emmanuel A., China offers Nigeria $6billion loan for infrastructure development, New Telegraph, April 13, 2016, p.1.
  • Egbetunde T., Public debt and economic growth in Nigeria: Evidence from granger causality, American Journal of Economics. 2(6) (2012) 101-106.
  • Emas R., The concept of sustainable development: Definition and defining principles, Brief for Global Sustainable Development Report (GSDR), 2015.
  • Emmanuel O.O., An empirical analysis of the impact of public debt on economic growth: evidence from Nigeria, 1975-2005, Canadian Social Science. 8(4) (2012) 154-161.
  • Information on http://www.dmo.gov.ng/.
  • Information on http://www.ozyazilim.com/ozgur/marmara/orgut/burokrasi.html.
  • Information on http://www.premiumtimesng.com/news/more-news/201814-fayose-writeschinese- government-stop-nigerias-loan-request.html.
  • Information on http://www.tradingeconomics.com/nigeria/external-debt.
  • Izueke E.M.C., Some theoretical frameworks of analysis in public administration, in: O.M Ikeanyibe, P. Mbah (Eds.), An anthology of theories for social research, University of Nigeria Press, Nsukka, Nigeria, 2014.
  • Izedonmi F.I.O., Ilaboya O.J., Public debt-growth dynamics: The Nigerian experience, Journal of Research in National Development. 10(3) (2012) 252-260.
  • Krugman P., Financing vs. forgiving a debt overhang: Some analytical issues, NBER Working Paper No. 2486, 1988.
  • Kutay N., Tektüfekçi F.A., New era for sustainable development: A comparison for sustainability indices, Journal of Accounting, Finance and Auditing Studies, 2(2) (2016) 70- 95.
  • Modigliani F., Long-run implications of alternative fiscal policies and the burden of the national debt, Economic Journal. 71(284) (1961) 730-755.
  • Pam M., FG borrows N600 billion monthly to pay salaries, New Telegraph, Wednesday, April 13, 2016, p. 2.
  • Raman Y.B., et al., Debt management and economic growth in Nigeria: performance, challenges and responsibilities, Manager Journal. 12(1) (2010) 31-39.
  • Sanusi J.O., Management of Nigeria`s domestic debt. Keynote address by Dr Joseph O Sanusi, Governor of the Central Bank of Nigeria, at the 7th Monetary Policy Forum organized by the Central Bank of Nigeria at the CBN Conference Hall, Abuja, 22 May, 2003.
  • Siche J.R. et al., Sustainability of nations by indices: Comparative study between environmental sustainability index, ecological footprint and the emergy performance indices, Ecological economics. 66(4) (2008) 628- 637.
  • Udoka C.O., Ogege S., Public debt and the crisis of development in Nigeria: Econometric Investigation, Asian Journal of Finance and Accounting. 4(2) (2012) 231-243.
  • United Nations General Assembly, Report of the world commission on environment and development: Our common future, United Nations General Assembly, Development and International Co-operation: Environment, Oslo, Norway, 1987.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.ekon-element-000171502390

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