Abstract:
This study shall contain itself with the impact of External Debt Management on Nigeria' s Economy . The objective of the study tilts towards: the determination of the sources of Nigeria's foreign debt: the ascertaining of the factors that have hindered the effective management of such debt; the making of analysis of Nigeria's debt burden on her economy and, to make assessment of the effect of foreign debt burden on the Gross National Product burden on her nation’s
economy. The methodology is the historical and qualitative research design was adopted . And for population; macroe conomic aggregates - figures of growth rate was brought to focus - and , for sample size , a period of 12 years from 1994 2005 was used for the study . Qualitative method was applied in -respect of data analysis using SPSS . The results of finding however show that the Debt Management Office , DMO do not properly evaluate the risk of debt currency composition that , increase in volume of Nigeria ' s debt stock was the due to interest component of additional payment that accumulated because of the depreciation in the value of Naira . Also the foreign debt burden on Nigeria' s economy was caused by debt-buy-back o f London debt bonds issued at par at the international capital market.
