Recently the depth and severity of extreme poverty in Nigeria has been alarming. And over the years, the government undertook some poverty reduction policies with the aim of reducing, if not totally eradicating, poverty. These policies were expected to at least raise the standard of living of...

The necessity for governments to borrow in order to finance deficit budgets has led to the development of external debt. This study examines how the use of budget deficits as an instrument of stabilization leads to the accumulation of external debt with the attending effects on growth in Nigeria...