A Critical Analysis Of The Factors For The Low Impact Of Foreign Aid On The Socio-Economic Development Of Nigeria, 1960 – 1985

A CRITICAL ANALYSIS OF THE FACTORS FOR THE LOW IMPACT OF FOREIGN AID ON THE SOCIO-ECONOMIC DEVELOPMENT OF NIGERIA, 1960 – 1985

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 factors for the low impact of foreign aid on socio- economic development of Nigeria, 1960-1985. 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

Cover Page

Title Page

Certification Page

Abstract

Dedication

Acknowledgements

Table of Contents

CHAPTER ONE

Introduction

1.1 Preamble

1.2 Statement of Study

1.3 Purpose of Study

1.4 Significance of Study

1.5 Scope of Study

1.6 Methodology and Sources of Data