ABSTRACT

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 relations between Nigeria and foreign aid donors and the implications of the aids received by Nigeria between 1999-2014. The result strongly supports the view that foreign 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.

TABLE OF CONTENTS

Title Page…………………………………………………………………………………………. i

Certification……………………………………………………………………………………… ii

Declaration………………………………………………………………………………………… iii

Dedication…………………………………………………………………………………………. iv

Acknowledgement………………………………………………………………………………… v

Abstract……………………………………………………………………………………………. vi

Table of contents………………………………………………………………………………… vii

List of Abbreviations…………………………………………………………………………….. viii

LIST OF ABBREVIATIONS

OCED – Organization for Economic Co-operation and Development DAC – Development Assistance Committee

GDP – Gross Domestic Product

G8 – Group of Industrialized Countries G77 – Group of Developing Countries IMF – International Monetary Fund

ODA – Official Development Assistance

Table of Contents

CHAPTER ONE……………………………………………………………………………………………………….. 1

• BACKGROUND…………………………………………………………………………………………………. 1
  • STATEMENT OF PROBLEM…………………………………………………………………………….. 3
  • SIGNIFICANCE OF STUDY………………………………………………………………………………… 4
  • SCOPE OF STUDY…………………………………………………………………………………………….. 5
  • RESEARCH METHODOLOGY………………………………………………………………………….. 5
  • LIMITATIONS OF STUDY…………………………………………………………………………………. 5

CHAPTER TWO……………………………………………………………………………………………………… 6

• LITERATURE REVIEW AND THEORETICAL FRAMEWORK………………………….. 6
  • CONCEPTUAL CLARIFICATION……………………………………………………………………….. 6
    • FOREIGN AID……………………………………………………………………………………………………… 6
    • FOREIGN AID AND DEVELOPMENT……………………………………………………………… 18
    • KINDS OF FOREIGN AID TO NIGERIA…………………………………………………………… 20
    • OBJECTIVE                                     OF                                     FOREIGN AID……….. 24
    • SOURCES OF FOREIGN AID TO NIGERIA……………………………………………………… 25
    • BILATERAL AID AND MULTILATERAL AID…………………………………………………. 26
  • THEORETICAL FRAMEWORK……………………………………………………………………….. 26
    • FUNCTIONALISM……………………………………………………………………………………………. 26
    • DEPENDENCY THEORY…………………………………………………………………………………… 27

CHAPTER THREE………………………………………………………………………………………………… 28

• RESEARCH METHODOLOGY…………………………………………………………………………. 28
  • PREAMBLE………………………………………………………………………………………………………. 28
  • RESEARCH DESIGN………………………………………………………………………………………… 29
  • SAMPLE AND SAMPLING TECHNIQUE…………………………………………………………. 29
  • METHODS OF DATA COLLECTION………………………………………………………………… 29
  • VALIDITY AND RELIABILITY OF INSTRUMENTS…………………………………………. 30
  • DATA ANALYSIS TECHNIQUE……………………………………………………………………….. 30

CHAPTER FOUR………………………………………………………………………………………………….. 31

• DATA ANALYSIS…………………………………………………………………………………………….. 31
  • CHALLENGES OF DEMOCRATIC GOVERNANCE AND USE OF FOREIGN AID IN NIGERIA    31
    • ANALYSIS OF THE CHALLENGES OF DEMOCRATIC GOVERNANCE IN NIGERIA      36
    • ANALYSIS OF NIGERI’S GOVERNMENT AND ELITES………………………………….. 40
    • ANALYSIS OF THE POLITICAL CORRUPTION AND ITS INFLUENCE ON

FOREIGN AID……………………………………………………………………………………………………. 43

1. ANALYSIS OF NIGERIA’S GOVERNMENT AND EUROPE AID

EFFORTS……………………………………………………………………………………………………………. 46

• THE FUTURE OF FOREIGN AID IN NIGERIA………………………………………………… 48

CHAPTER FIVE…………………………………………………………………………………………………… 49

• SUMMARY, CONCLUSION AND RECOMMENDATION………………………………. 49
  • SUMMARY………………………………………………………………………………………………………. 49
  • CONCLUSION…………………………………………………………………………………………………. 49
  • RECOMMENDATION……………………………………………………………………………………. 51

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