Summary and ConclusionThis study ha

Summary and Conclusion
This study has discussed the external burden articulated the nearest put in please by government to ameliorate it
and assessed the success so far achieved. It also observed that the magnitude of the external debt outstanding
mirrors the impact of pressure under which the economy has been function especially since the eruption of the oil
crisis in 1981. Beside rapid accumulation of trade arrears from 1982 the debt problem had been traced to the fall
in the crude oil prices, collapse in commodity prices and the protracted softening of the would market since 1981
with the resultant decline in foreign exchange earnings and pressure on the balance of payment.
Nigeria debt crisis can be attributed to both exogenous and endogenous factors such as the nature of the economy,
economic policies, depending on oil, swindling foreign exchange receipt, the origin of Nigeria external debt dated
back to 1985. The external debt was low until it rose astronomically in 1978 due to Nigerian’s involvement in the
international capital market. Debt service payments were within management limits unit 1982 by became
unmanageable in 1983 because of the relative importance of private lending. All the indicators of the extent of the
extent of the external debt burden showed the several of the problem. A high proportion of the debt service
payment, a reflection of the high and indiscriminate increase interest rate problem worsened. During the SAP
period. Given the heavy burden of external debt and declining trend in world oil prices, Nigerian has been facing
a difficult balance of payment prospect in an encouraging growth rate and negative net foreign exchange flows.
The brain drain and other form of exploitation are much greater than the external debt contracted by the
underdeveloped countries put together. Therefore, there is the need to struggle for the cancellation of the external
debts of a country like Nigeria with the limited possibilities of paying them off without putting the burden on the
suffering to heighten the burden debt servicing under the new condition the condition. Like most third world
country problem of underdeveloped no poor most third world country can single handedly flight and win this
battle which falls within the ongoing quest for a new international economic order. So, third world countries need
to comes together on this singular difficulties and to present a strong and united front vis-vis western imperialism.

النتائج (العربية) 3:

انا حملت wetransfer الماضي 20 يناير