Public Debt Policy and Management in Nigeria 1965-1983: A Critical Appraisal

David Okon Mbat

Public Finance = Finances publiques, 1988, vol. 43, issue 3, 403-13

Abstract: Poor management of economic resources has given rise to a consistent increase in the dimension of public debt in Nigeria. Inflated contracts, inefficiently-managed public enterprises, and the absence of an appropriate maintenance culture are some of the contributing factors to budgetary deficit. However, there is no consistent relationship between budgetary deficits and public debt. Public debt policy objective remained cost minimization sustained by official interest rate administration. Low returns on goverment debt instruments have induced the Central Bank of Nigeria to be a major absorber of such instruments. Moreover, the average maturity of public debt instruments is mostly short-term.

Date: 1988
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pfi:pubfin:v:43:y:1988:i:3:p:403-13

Access Statistics for this article

More articles in Public Finance = Finances publiques
Bibliographic data for series maintained by Christopher F. Baum ().