Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Download
Standard view
Full view
of .
Look up keyword
Like this
3Activity
0 of .
Results for:
No results containing your search query
P. 1
Impact of Debt Relief on Nigerian Economy

Impact of Debt Relief on Nigerian Economy

Ratings: (0)|Views: 581|Likes:
Published by akpaj
Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. For most people, saving money with one low monthly program payment meets their debt relief needs. It is not the only solution, and it is important to keep in mind that during the life of your debt settlement program, you are not paying your creditors.

We are a leader in the debt settlement industry in providing a debt solution that has helped thousands of people. Since its founding, Debt Relief has settled over one billion dollars of debt for our clients. This debt relief solution is for consumers that need one low monthly program payment to resolve their debts in as little as 24-48 months.

Despite the debt forgiveness to the tune of $18 billion received by Nigeria from Paris club since year 2005 including the subsequent payment of $12 billion to upset the remaining debt, there is no evidence of accelerating pace of growth and development of the country. It is therefore, instructive to find out the direction and the extent of the effectiveness of the debt relief granted to Nigeria. This forms the objective of this study. The secondary data used for the investigation were processed using the ordinary least square packages. The result of the OLS model showed that the debt overhang problem of Nigeria has been alleviated by the debt relief package but the debt service relief did not positively influence the growth indicator. The results strongly support the need for tougher conditionality in future debt forgiveness initiative. Donor countries should monitor the allocation pattern of debt relief maintain the conditionalities and reward sound policies and improvements of governance quality in debtor countries.
Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. For most people, saving money with one low monthly program payment meets their debt relief needs. It is not the only solution, and it is important to keep in mind that during the life of your debt settlement program, you are not paying your creditors.

We are a leader in the debt settlement industry in providing a debt solution that has helped thousands of people. Since its founding, Debt Relief has settled over one billion dollars of debt for our clients. This debt relief solution is for consumers that need one low monthly program payment to resolve their debts in as little as 24-48 months.

Despite the debt forgiveness to the tune of $18 billion received by Nigeria from Paris club since year 2005 including the subsequent payment of $12 billion to upset the remaining debt, there is no evidence of accelerating pace of growth and development of the country. It is therefore, instructive to find out the direction and the extent of the effectiveness of the debt relief granted to Nigeria. This forms the objective of this study. The secondary data used for the investigation were processed using the ordinary least square packages. The result of the OLS model showed that the debt overhang problem of Nigeria has been alleviated by the debt relief package but the debt service relief did not positively influence the growth indicator. The results strongly support the need for tougher conditionality in future debt forgiveness initiative. Donor countries should monitor the allocation pattern of debt relief maintain the conditionalities and reward sound policies and improvements of governance quality in debtor countries.

More info:

Published by: akpaj on Oct 31, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOC, PDF, TXT or read online from Scribd
See more
See less

05/05/2013

pdf

text

original

 
IMPACT OF DEBT RELIEF ON NIGERIAN ECONOMY BY  AKPA JULIET UCHENNA-M.Sc./2009406045FBEING AN ASSIGNMENT SUBMITTED TO THEDEPARTMENT OF ACCOUNTANCY, NNAMDI AZIKIWEUNIVERSITY, AWKA, ANAMBRA STATEIN PARTIAL FULFILMENT OF THE SEMESTER COURSEFORENSIC ACCOUNTING AND FRAUD MANAGEMENT ACC 622 FOR THE AWARD OF M.Sc DEGREE IN ACCOUNTANCY LECTURER: MRS. NGOZI IJEOMA MARCH 2011
 AKPA JULIET UCHENNA | MSc/2009406045F1
 
 ABSTRACT
Debt relief is the partial or total forgiveness of debt, or the slowing orstopping of debt growth, owed by individuals, corporations, or nations. Formost people, saving money with one low monthly program payment meetstheir debt relief needs. It is not the only solution, and it is important to keepin mind that during the life of your debt settlement program, you are notpaying your creditors. We are a leader in the debt settlement industry in providing a debt solutionthat has helped thousands of people. Since its founding, Debt Relief hassettled over one billion dollars of debt for our clients. This debt relief solution is for consumers that need one low monthly program payment toresolve their debts in as little as 24-48 months.Despite the debt forgiveness to the tune of $18 billion received by Nigeriafrom Paris club since year 2005 including the subsequent payment of $12 billion to upset the remaining debt, there is no evidence of acceleratingpace of growth and development of the country. It is therefore, instructiveto find out the direction and the extent of the effectiveness of the debt relief granted to Nigeria. This forms the objective of this study. The secondary data used for the investigation were processed using the ordinary leastsquare packages. The result of the OLS model showed that the debtoverhang problem of Nigeria has been alleviated by the debt relief package but the debt service relief did not positively influence the growth indicator.The results strongly support the need for tougher conditionality in futuredebt forgiveness initiative. Donor countries should monitor the allocationpattern of debt relief maintain the conditionalities and reward soundpolicies and improvements of governance quality in debtor countries.
TABLE OF CONTENT
 AKPA JULIET UCHENNA | MSc/2009406045F2
 
 Abstract ----------2Table of content ---------3CHAPTER ONE:1.0: Introduction --------51.1: Statement of the problem ------71.2: objective of the problem ------81.3: justification/significance of the study ----91.4: research question -------101.5: statement of hypothesis ------12CHAPTER TWO:2.1: literature review --------132.2: current challenges -------232.3: gradual reforms --------232.4: investments --------23CHAPTER THREE:3.1: research technique -------253.2: data collection procedure ------253.3: sample ---------25CHAPTER FOUR:4.1: data analysis --------264.2: presentation and interpretation of data ----26CHAPTER FIVE:5.1 conclusion --------- 32
 AKPA JULIET UCHENNA | MSc/2009406045F3

Activity (3)

You've already reviewed this. Edit your review.
Takon Emmanuel Enun added this note
intersting
1 thousand reads
1 hundred reads

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->