Domestic Debt Management and Government Revenue in Nigeria

Abstract

The study examined the impact of domestic debt management on government revenue in Nigeria. The study employs primary data through questionnaire, administered to respondents. The sample size was 306, which was determined through Krejcie & Morgan (1970) formula. Logit regression technique was used for data analysis. The results reveal that domestic debt management proxied by Effective Debt Maturity Policy (EDMP), Effective Management of Inflation and Monetary Instability (EMIMI), Transparency and Accountability in Government (TAG), and Interest Rate Control and Effective Management of Debt Structure (IRCEMDS) has a positive relationship with government revenue as the t-calculated of 0.591 is greater than t-tabulated of 0.560 at 5% level of significance, but not statistically significant. This is shown with the P = 0.528 > 0.05 with t-statistics of 0.591.  The empirical investigation shows that domestic debt management will have inverse relationship with inefficiency in government revenue utilization. The study recommends among others for a more proactive domestic debt management team for better utilization of government revenue.  

The study examined the impact of domestic debt management on government revenue in Nigeria. The study employs primary data through questionnaire, administered to respondents. The sample size was 306, which was determined through Krejcie & Morgan (1970) formula. Logit regression technique was used for data analysis. The results reveal that domestic debt management proxied by Effective Debt Maturity Policy (EDMP), Effective Management of Inflation and Monetary Instability (EMIMI), Transparency and Accountability in Government (TAG), and Interest Rate Control and Effective Management of Debt Structure (IRCEMDS) has a positive relationship with government revenue as the t-calculated of 0.591 is greater than t-tabulated of 0.560 at 5% level of significance, but not statistically significant. This is shown with the P = 0.528 > 0.05 with t-statistics of 0.591.  The empirical investigation shows that domestic debt management will have inverse relationship with inefficiency in government revenue utilization. The study recommends among others for a more proactive domestic debt management team for better utilization of government revenue.