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ABSTRACT
The study investigated the impact of external debt management on exchange rate in Nigeria for the period of 1981-2023. Time series data on debt service payment was used to capture external debt burden. The study set out to test for the impact of debt servicing on exchange rate in Nigeria. an empirical investigation was conducted using time series data on debt service payment, inflation, interest rate, foreign reserve and exchange rate from 1981-2023. The technique of estimation employed in the study was the ordinary least squares test. The result showed a significant impact of debt service payment on exchange rate in Nigeria.
