A CRITICAL EVALUATION OF NIGERIA’S DEBT/MANAGEMENT/POLICIES - UNIPROJECTS

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A CRITICAL EVALUATION OF NIGERIA’S DEBT/MANAGEMENT/POLICIES










A CRITICAL EVALUATION OF NIGERIA’S  DEBT/MANAGEMENT/POLICIES


FOR COMPLETE PROJECT CALL 07064961036
 
BEING A PROJECT SUBMITTED TO THE DEPARTMENT OF ACCOUNTING, FACULTY OF MANAGEMENT SCIENCES,
EKITI STATE UNIVERSITY, ADO EKITI, NIGERIA

IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF BACHELOR OF SCIENCE (B.Sc) DEGREE
(HONS.) IN ACCOUNTING

 
ABSTRACT

Nigeria, the giant of Africa is at mercy of her creditors for meaningful economic worthiness of goodwill or both. It therefore calls for urgent appraisal.
This project focuses on Nigeria’s debts, cause, problem and prospects in one axis. At another angle, it evaluates some of the debt management policies put in place so far and proffers solution/recommendations geared towards nailing the debt saga to a halt.
This work no doubt will benefit individuals, groups and others in all forms of its reunifications.  








TABLE OF CONTENT       
Title page                                                                                 i
Certification                                                                                       ii
Dedication                                                                                iii
Acknowledgment                                                                     iv
Abstract                                                                                  v
Table of content                                                                      vi
CHAPTER ONE: INTRODUCTION
1.1     Background of the Study                                                         1
1.2     Statement of the Problem                                                        4
1.3     Objectives of the Study                                                           5
1.4     Significance Of The Study                                             6
1.5     Definition of terms                                                         7
1.6     Scope of the work                                                                   8
1.7     Limitation of the study                                                            8
1.8   Organization of the study                                                         9
References                                                                    10      

CHAPTER TWO: LITERATURE REVIEW
2.1     Historical Perspective of Nigeria’s Debt                        11
2.2     Structure Of Nigeria’s Debt                                           15
2.3     The Implication Of Nigeria’s Debt Burden                             17
2.4     Major Causes Of Nigeria’s Debt                                    20
2.5     Debt Management Strategies Adopted By the
Nigeria’s Government                                                   26
2.6     The origin of Debt Conversion                                                46
2.7     Background of Nigeria Debt Conversion Programme    47
2.8     Mode of Debt Conversion                                             49
2.9     Conversion Procedure                                                   50
2.10   Problem and Prospects Debt Management in Nigeria    55
2.11   Prospect for effective Debt Management                       59
References                                                                      62     
CHAPTER THREE: RESEARCH METHODOLOGY
3.1     Introduction                                                                   65
3.2     Population of the Study                                                          66
3.3     Sampling Procedures                                                     66
3.4     Data Collection                                                              67
3.5     Method of Analysis                                                                 68
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND
   INTERPRETATION
4.1     Introduction                                                                   69     
4.2     Data Needed and Its Interpretation                               69
4.3     Discussion of Findings                                                   83
CHAPTER FIVE: SUMMARY, CONCLUSION & RECOMMENDATION
5.1     Summary                                                                       91
5.2     Conclusion                                                                     93
5.3     Recommendations                                                                   96
Bibliography                                                                  101
Appendix                                                                       104
Questionnaire                                                                105

CHAPTER ONE
INTRODUCTION
1.1            BACKGROUND TO THE STUDY
Most economics especially those in the third world have at one time of the other experienced short fall between domestic savings and derived level of expenditure. External borrowings have often been