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| Foreign Aid and National Development in Nigeria, 2012-2022
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Onwuanibe, Onyekachi Jude & Okafor, N. Frank-Collins
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Abstract:
This study on foreign aid and national development in Nigeria, 1999-2021 interrogated why in spite of the robust and huge foreign aid given to Nigeria between 1999 and 2021, the country has not really maximized the benefits to attain the expected national development. To this end, this study examined how foreign aid affected Nigeria's development. The World System theory was applied to explain the existing relationship between the advanced donor countries and Nigeria which is a Third World aid recipient country in the periphery. Mixed design via interview and documentary sources was adopted for data collection and analysis of data for the study was deductive. Findings reveal that national interests of donor countries are indeed the underlying motive for aid delivery to Nigerian state rather than altruistic benevolent penchant for driving national development of the country. It, therefore recommends that for foreign aid to be effective in eliciting Nigeria's national development, both donors and Nigerian state should strike a robust partnership in conjunction with the beneficiary communities to determine areas of priority to engage viable projects that will be effectively monitored to avoid negative growth in Nigeria.
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