This study examined the effect of government debt on the growth of the Nigerian economy. The study was specifically meant to access the extent to which external debt, domestic debt and exchange rate relate with the growth of the Nigerian economy. To achieve these objectives, an ex-post facto research design was adopted for the study. Time series data was collected from the CBN Statistical Bulletin and the National Bureau of statistics for the period 1990 to 2021 using the desk survey approach. The data were analyzed using the ordinary least square multiple regression statistical technique and the correlation matrix. Results from the analysis revealed that external debt had a negative but significant effect on the growth of the Nigerian economy. Also, the study showed that exchange rate and domestic debt had positive and significant effect on economic growth in Nigeria. Based on these findings, it was recommended that funding through government external borrowing should be minimized and allocated for funding long term viable capital project. Also it will boost the level of the economy into growth and generate sufficient returns required to service the debt. Also, borrowed funds should be invested by government in providing an enabling environment to promote the export base of the country and reduce the over reliance on importation of consumables and industrial raw materials.

This study examines export-import misalignment and gross fixed capital formation in Nigeria. Three variables are used and myriad of control variables, spanning the period of 1981-2020. The model was tested with several econometrics and statistical instruments. The results from the findings indicates that, export-import misalignment has a negative and an insignificant impact on gross fixed capital formation, however, export and import impact gross fixed capital formation differently. There was a 30.3% threshold evidence as indicated in the F-statistics value in the model. We recommend that, the federal government of Nigeria should reprioritize her needs. They should spend more on capital expenditures as against the current trend of 68:32% allocations to recurrent and capital expenditures respectively. Efforts must be made to mobilize the desired level of gross national savings that could be big enough to attract foreign direct investments as FDI will help to complement our domestic savings. Government should work on her potentially exportable commodities. The proceeds should be utilized in the importation of needed technical tools and components. Basic infrastructures like good roads, electricity supply and security must be seen to be adequate. This will help to reduce the drudgeries currently being faced by manufacturers. Efforts should be geared towards a reduction in exchange rate distortion, volatility and general mismanagement. Policy formulators in Nigeria need to enact some investor friendly policies that will encourage, promote and attract more capital inflows (Be it official or private inflows) and provide a conducive and enabling environment for gross fixed capital formation to thrive. There is need to play down on speculative businesses and to invest into the real sectors of the economy. There is also the need to reduce the level of capital flight out of country. Inflows should be tied to specific, relevant and purposeful projects. This will help to create employment opportunities in the long run. Prudence and proper accountability should be the watchword in the management of accruals from official capital inflows and transfers. Production of petroleum products need be increased: Since the wealth of the nation is hinged on this mono-product. Lastly, macroeconomic projections should guide the overall level of expenditure etc.

This study examined microfinance banks and the growth of small scale enterprises with particular reference to Cross River State, Nigeria. The research design was descriptive survey. The instruments used in collecting data were questionnaire and personal interview. The data collected were analyzed using simple percentage and Pearson product moment correlation. The results of the analysis showed that microfinance banks services impacted the development of small scale enterprises. It was found that microfinance banks do not carry out adequate awareness campaign programme in order to increase patronage. It was found that most small scale entrepreneurs who procure loans from microfinance banks hardly put it to use in growing their businesses. It was recommended that microfinance banks should create adequate public awareness campaigns especially utilizing the electronic media. Also, microfinance banks should review the requirement for granting loans to small scale enterprises. The study recommended that microfinance banks should have task force or teams to monitor how the loan granted to any small scale entrepreneur are being utilized.