Domestic Debt And Interest Rate On Nigeria’s Sustainable Development
Vol.3 Issue 1
The study investigated the impact of domestic debt and interest rate on Nigeria’s sustainable development from 1981 to 2016. Data was sourced from CBN’s statistical bulletin. Econometric method of data analysis was adopted to find out the unit root/stationarity test which indicates that all the variables are stationary at first difference which implies they had the first order of integration. Furthermore, the VAR stability plot is stable indicating that the estimated VAR is well articulated. Therefore, domestic debt should be properly spent on investment that will yield positive result on the Nigerian economy.
Keywords: Domestic debt, interest rates, GDP co-integration, sustainable development, Economy.
