Implications of External Borrowing on Nigeria’s Sustainable Development Goals (2015- 20

This study investigates implications of external borrowingon Nigeria’s Sustainable Development Goals 2015-2023.The study adopted Debt Overhang Theory as propoundedby Krugman.Data for the study were gathered fromprimary sources through the instrumentality of journals,records from Debt Management office, Budget of thefederation office among others. The Multiple Regressionusing SPSS version 21 was employed in the data analysis.Findings of the study revealed among others, thatexternal borrowing has negative implication on foodsecurity in Nigeria, that external borrowing has negativeimplication on quality education in Nigeria, that externalborrowing has negative implication on health caredelivery in Nigeria and that external borrowing hasnegative implication on infrastructural development inNigeria. Based on the findings, the study recommendedamong others; That government of Nigeria must at alltimes identify and work out the intent of loan before it iscontracted, that projects to which the external loans arecontracted must be able to pay itself back within theperiod stipulated utilizing financial resources saved as aresult to tackle the Sustainable Development Goalstargets.