FOREIGN AID AND ITS IMPACT ON SOCIO-ECONOMIC DEVELOPMENT IN NIGERIA
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- 1-5 Chapters
- Quantitative
- Chi-Square
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study investigates foreign aid and its impact on socio economic development in Nigeria’s fourth republic. The study examines the impact of foreign aid on the socio-economic development of Nigeria. The researcher used descriptive research survey design in building up this project work the choice of this research design was considered appropriate because of its advantages of identifying attributes of a large population from a group of individuals. The design was suitable for the study as the study sought to examine foreign aid and it impact on socio-economic development. 200 staff of ministry of foreign affairs was selected randomly by the researcher as the population of the study. it was discovered that foreign aid has a negative impact on economic growth in Nigeria, thereby indicating that foreign aid appears to have an adverse effect on Nigeria’s economic growth. In conclusion, this study shows that foreign aid leads to increased health spending in high corruption countries, thereby making funds more susceptible for embezzlement by officials through corruption.
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