Nigeria’s Domestic Debt Profile (1980 – 2017)

Abstract

The study examined the Nigerian domestic debt profile between 1980 and 2017 with the use of Pooled OLS regression technique. The result indicates that holdings of Federal Government's domestic debt outstanding in the economy portends a serious fiscal crisis if the government does access greater domestic debt from the entire Banking system in Nigeria which is seen as being relatively manageable for the economy. The Nigerian is in dire need to carefully re-examine her borrowing culture locally in order to forestall fiscal crisis.

Keywords: Domestic debt, fiscal crisis, banks, loan, funds.