FOREIGN AID AND POVERTY REDUCTION IN NIGERIA, 1999-2016
- Project Research
- 1-5 Chapters
- Qualitative
- Content
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract
The study examined the link between foreign aid and poverty reduction in Nigeria, 1999-2016. Qualitative method of data collection based on documentary evidence was used. Secondary and primary sources of data were collected. The primary data was via unstructured key informant interview of political office holders and political analysts. Qualitative descriptive method based on content analysis was used as our method of analysis. The work is predicated on dependency theory. The study found that foreign aid and technical assistance has a reversal effect on socio-economic development in Nigeria. Specifically, foreign aid has not helped to eliminate poverty nor increase sustainable development in Nigeria over the years. Rather, aid had hampered growth and development, increase dependency status of Nigeria on the West, and increase the poverty rate in Nigeria. This study also observed that when countries seek foreign aid as a means of generating revenue for their budget, it has unintended consequences of breeding corruption and embezzlement of public funds. Furthermore, the conditionality’s (purchasing of items, devaluation of Naira, trade liberalization, SAP) attached to aids are detrimental to a developing economy like Nigeria. Aid is a quid pro quo affair. On the basis of our findings, we recommended amongst others things that government should establish economic plan which reduces Nigeria’s reliance and dependence on aid year on year, the government should strengthen Nigerian institutions for accountability, transparency, rule of law and good governance. Nigeria should be free from Western aids, the government should seek for green field investors to come and set up industries in the country. Nigeria should encourage Foreign Direct Investment. This will be achieved by evolving policies that will be developmentally oriented in Nigeria.
Key words: Foreign Aids; Socio-Economic Development; Trade Liberalism; Dependency, Foreign Direct Investment.
Related Project Materials
THE USE OF INSTAGRAM FOR HAIR EXTENSION SALES BY PORT HARCOURT VENDORS: VISIBILITY AND FEEDBACK. A CASE STUDY OF HAIRS_BY_ OLIVE IN PORT HARCOURT
BACKGROUND OF THE STUDY
It's no secret that social media has taken over many parts of modern...
ILLICIT USE OF TOXIC DRUGS AMONG YOUTHS IN THE FCT ABUJA.
Abstract
According to World Health Organization (WHO), substance abuse refers to the harmful or hazardous use of psychoactive substances,...
EVALUATION OF THE BIODIESEL POTENTIALS OF SELECTED PLANT BIOMASSES IN IBADAN NORTH LOCAL GOVERNMENT AREA, NIGERIA
ABSTRACT
There has been an increasing emphasis on renewable sources of energy following recurrent economic crises and environmental conce...
AN EVALUATION OF CONFLICT MANAGEMENT STRATEGY AND ITS INFLUENCE ON WORKERS’ PRODUCTIVITY (CASE STUDY OF SOME SELECTED PRIVATE FIRMS IN CALABAR METROPOLIS)
Background of the study
One of management's most essential responsibilities is to create an...
EXPLORING THE ROLE OF EARLY CHILDHOOD EDUCATION IN DISASTER RISK REDUCTION
ABSTRACT: Exploring the role of early childhood education in disaster risk...
THE INFLUENCE OF BUSINESS ANALYTICS ON BUSINESS AGILITY
Abstract: THE INFLUENCE OF BUSINESS ANALYTICS ON BUSINESS AGILITY
This study investigates the inf...
LARVICIDAL POTENTIAL OF EXTRACTS OF Persea americana SEED AND Chromolaena odorata LEAF AGAINST Aedes vittatus MOSQUITO
ABSTRACT
The larvicidal activity of various solvent (ethanol, ethyl acetate and n-hexane) extracts of Persea americana seed and Chromolae...
PROMOTING INCLUSIVITY IN TECHNICAL EDUCATION FOR INDIVIDUALS WITH DISABILITIES
Abstract: Promoting inclusivity in technical education for individuals with disabilities is...
THE ROLE OF YOUTHS IN COMMUNITY DEVELOPMENT
Abstract
This study is a determination of the level of participation of youth in community development in Oredo Local Government Area. Th...
THE IMPACT OF FAMILY PLANNING CAMPAIGN ON IBAGWA COUPLES IN IGBO EZE SOUTH LOCAL GOVERNMENT AREA ENUGU STATE.
ABSTRACT.
The study examined the impact of family planning campaign on Ibagwa...
