AHMED, RAKIYA DODO2023-09-222023-09-222006-11-26https://teras.ng/api/asset/document/cc95f3d1-4d4b-4fc4-a5b4-75590b9c6e03https://teras.ng/catalog-item/e900d613-6dd3-486a-9220-3ceae1be9069http://dspace.teras-network.net:4000/handle/123456789/39624The study assessed the role of Central Bank of Nigeria in the nation’s debt relief and cancellation. The Nigerian economy experienced a rapid growth and sustainable development in the 70s partly due to successful external sector performance and relatively sound domestic policies. However, the Nigerian economy went into deep depression as a result of political, institutional, economic and social problems in the 80s. The study employed historical, descriptive and survey methods of research to determine the role played by Central Bank of Nigeria on external debt relief and cancellation. The study used descriptive statistics in data analysis and relied majorly on secondary data. The study found that the Central Bank of Nigeria is confronted with a formidable challenge in the nation’s debt relief negotiations. It concluded that the nation’s external debt relief of $18billion will provide the nation enough fund to embark on valuable development projects with direct bearing on the citizens. The study recommended, among others, the need to increase the nation’s output when using the debt conversion programme and a reduction of Nigeria’s debt burden through debt securitization.Research Theses