Title:
Public Debts and Capital Development in Nigeria

Authors:
Balogun Jacob. A & Ogundajo Grace. O, Nigeria

Abstract:

Purpose - The study examined the effect of public debt on healthcare capital development in Nigeria.

Design/ Methodology/ Approach - The study employed an ex post facto research design. The population consisted of 45 Federal Government Ministries in Nigeria. The sample size consisted of 5 Federal Government Ministries in Nigeria. It employed the purposive sampling technique in the selection of the sampled ministries from 1994 to 2023. Data were analyzed using descriptive and inferential (multiple regression) statistics.

Findings - The findings revealed that public debt had a significant effect on health capital development (Adj. R2 = 0.709, F(2, 27) and F statistic of 9.712, p < 0.05) in Nigeria. The study concluded that effective public debt service enhances healthcare capital development in Nigeria.

Originality/Value - Because of this study, government, policyholders, academics, and the public should stay informed about the status of healthcare development, as well as the measures in place to support healthcare capital development. Hence, the monitoring of the budget, the release of funds, and the adequate expenditure of funds for healthcare development.

DOI: https://doi.org/10.51505/IJEBMR.2026.10621