Abstract
The study is focused on comparative analysis of impact of domestic dept and Nigerian GDP from 1981 to 2019. Three research questions were used in the study. The study is limited to domestic debt incurred by Nigeria from 1981 to 2016. The study employed the ex-post factor research design. This design is employed as already existing data source obtained from Central Bank of Nigeria Statistical Bulletin from 1981-2016 was employed in the study. The study also used Keynesian Theory of Public Debtand employed the service of mean in analyzing the research questions. Table 1 research question 1 revealed that domestic debt incurred from 1981 to 1990 is 34.544. Mean Value of domestic debt incurred from 1991 to 2000 is 462.891. This resulted to a mean difference of 428.347. This shows that from 1991 to 2000 reveals a significant increase on debt level in Nigeria. The findings from table 1 research question 1 revealed that domestic depth incurred from 1981 to 1990 is 34.544. Mean Value of domestic debt incurred from 1991 to 2000 is 462.891. This resulted to a mean difference of 428.347. This shows that from 1991 to 2000 reveals a significant increase on debt level in Nigeria. The findings from table 2, research question 2 revealed that domestic debtincurred from 2001 to 2008 is 1581.51. Mean Value of domestic debt incurred from 2009 to 2016 is 6,857.31. This resulted to a mean difference of 5275.8. This shows that from 2009 to 2016 reveals a significant increase on debt level in Nigeria. Finally, table 3 research question 3 revealed that RGDPG from 2001 to 2008 is 9.63. Mean Value of RGDPG from 2009 to 2016 is 4.87. This resulted to a mean difference of 4.76. This shows that from 2009 to 2016 reveals a significant decrease on RGDPG based on CBN report. It was recommended from the study that Government should expand economic activities by funding small and medium enterprise through the issuance of soft loans to encourage business growth and development.
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