A CRITICAL ANALYSIS OF THE FACTORS FOR THE LOW IMPACT OF FOREIGN AID ON THE SOCIO – ECONOMIC DEVELOPMENT OF NIGERIA, 1960 – 1985
AUTHOR: ANIUKWU, WILLIAMS A.
DEPARTMENT: HISTORY AND INTERNATIONAL STUDIES,
AFFILIATION: NNAMDI AZIKIWE UNIVERSITY AWKA
Foreign aid inflows in Nigeria have grown significantly in the independence period. Many studies have tried to examine the effectiveness of aid on the socio-economic development. While some evaluations have found that in many cases aid does not ‘work,’ others are ambiguous. This paper assesses the factors for the low impact of foreign aid on socio-economic development of Nigeria, 1960-1985. The result strongly supports the view that fo reign aid had but a minimal impact on socio-economic development of the country during the period under study. This was so due to a series of factors highlighted and discussed in the study.
Tags: Aid, Aid Role, Bilateral Aid, Foreign Aid Conditions, Foreign Aid Future, Foreign Aid Nature, Foreign Aid-Dependency Theory, Foreign Aid-Nigeria, Foreign Investment, History and International Relations-Thesis-2011, Multilateral Aid, Multinational Corporation, Nigeria Foreign Aid Kinds, Nigeria Foreign Aid Source, Technical Assistance, Transfer Technology