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Dynamic relationship between rising public debt and economic stability: an assessment of Nigeria economy

Year: 2025

Type: article

Abstract: The consistent increase in public debt of Nigerian economy has raised concerns regarding its impact on economic stability. This paper examines the dynamic relationship between Nigeria's rising public debt and its economic stability by analyzing empirical data and existing literature. The study emphasizes on the key macroeconomic indicators affected by debt accumulation, such as inflation, GDP growth, investment, and exchange rates. The findings suggest that while public debt can drive short-term economic growth, excessive borrowing without sustainable fiscal policies can undermine long-term economic stability.

Source: British journal of interdisciplinary research.

DOI: 10.31039/bjir.v2i6.41

Authors: J. A. Adeyokunnu, O. A. Raji, S. A. Ishola, S. O. Bamisaye

Institutions: Redeemer's University, Crescent University

Language: English

Topic: Fiscal Policies and Political Economy

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: bronze

OpenAlex ID: W4410279658

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