This research work looked into the econometric
analysis of the holding of Federal Government domestics’ debt outstanding
between 1981 and2012. The data is a Secondary one obtained from periodic
reports of Central Bank of Nigeria (CBN) and debt management office report.
Test of Normality; indicate that the data was
The variance inflation factor (VIF) shows that,
there is no multicollinearity in the data, meaning that there is no linear
dependence among the variables.
Anova test was used to test the significance of the regression model and the
result was statistically significant. The test for significance of the original
model indicate that X1 that is, domestic debt owed CBN by Federal
Government does not contribute significantly to domestic debt owed non-bank by
Federal Government. From the analysis, the model for the original data was
found to be Ŷ= 21172.439+0.012X1+0.388X2+2.865X3
Indian Member 40.00
Others Member 3.00