ABSTRACT
The study examined the complex dynamics between external debt, inflation, poverty rate, and GDP growth rate in Nigeria. Through rigorous statistical analysis and regression modeling, several key findings have emerged, shedding light on the interplay of these factors in the context of economic development in the region.
The findings of the research indicate that there exists a notable and adverse relationship between foreign debt and the rate of GDP growth in Nigerian. There exists a negative correlation between the escalation of foreign debt and the level of economic growth. This highlights the need of exercising cautious control over debt and the possible hazards linked to elevated amounts of borrowing from external sources.
In conclusion, this study contributes to our understanding of the intricate relationship between external debt, inflation, poverty, and economic growth in Nigeria. Its findings emphasize the importance of balanced economic policies that address these factors collectively to foster sustainable development and improve the well-being of the region's populations.
