An analysis of foreign debt on output of industry in Nigeria Department: Accountancy By: muhalhq Project ID: 7647 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThis study examines the relationship between foreign debt and the output of industry in Nigeria using time series data between 1981 and 2022. The study used time series data that output of industry and debt service ratio are variables of interest. The Autoregressive Distributed Lag (ARDL) technique was employed in the study. The result revealed that in the short run foreign debt has having negative and insignificant relationship with the output of industry and the debt servicing ratio has having positive and insignificant relationship with the output of industry in Nigeria in the long run. Thus, based on these findings, foreign borrowing should only be for investment purposes to fill the gap left by insufficient domestic investment and savings and also government and policymakers in Nigeria should take proactive measures to manage and reduce foreign debt levels, especially through exploring other alternative sources of funding for development projects. ...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )