PUBLIC DEBT AND EXCHANGE RATE IN NIGERIA

The purpose of this research is to find out the impact of public debt and exchange rate on the performance of firms in Nigeria. Proper understanding on how to investigate the importance of public debt in Nigeria and the degree of responsiveness of exchange rate to public debt in Nigeria. The study adopted a corelational research design. The population of the study were Central Bank of Nigeria, Federal Ministry of Finance, among others that are listed on the floor of Nigerian Stock Exchange. The study adopted purposive sampling technique. This study covers the period interval from 2004-2022. The relationship between variables was determined using the Pearson Product Moment Correlation Coefficient (PPMCC) and Panel Data Analysis that involved the use of both the fixed and random effects analysis. Therefore, the study recommends that debt management should be linked to a clear macroeconomic framework which ensures that Nigeria Government will seek to ensure that public debt level and growth rate are sustainable.