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AN ANALYSIS OF
DEVELOPMENT IN NIGERIAN BALANCE OF PAYMENT (1995 – 1999).
ABSTRACT
This study, an
analysis of development in Nigerian balance of payment (1995 – 1999) was
carried out to assertion whether Nigeria has been paying her wages
internationally to examine the statement with a view to determine what recent
developments have taken place in Nigerians foreign trade and others transaction
with the rest of the world.
Information was collected using literary method i.e. various
publications, textbooks newspapers, magazines and journals. Also, oral interviews were used to elicit
information from some government officials (staff). It was found out that the exports
receipts were sufficient to pay for the imports and settle some international
obligations that fell due within the period, the fact remains that the managers
of the economy did not exercise a considerable amount of control over the
foreign exchange resources.
It was however,
recommended that if not for the debt management strategies pursued by
government during that period, there would have been more years deficits in the
balance of payment position over and above four years recommend
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