IMPACT OF FOREIGN AIDS ON POVERTY ALLEVIATION IN NIGERIA

International Journal of Advanced Economics

View Publication Info
 
 
Field Value
 
Title IMPACT OF FOREIGN AIDS ON POVERTY ALLEVIATION IN NIGERIA
 
Creator Georgina, Adebayo Abiola
T., Afolayan Olufunmilayo
 
Subject Macro Economics; Developmental Economics
Foreign Aids; Poverty Alleviation; FDI; Nigeria
 
Description The aim of the study is to examine the impact of foreign aid on poverty alleviation in Nigeria over the period of 1990 to 2017. Data were collected from UNCTAD World Bank database and CBN Statistical Bulletin. Consequently, Cointegration, DOLS and Granger Causality techniques were utilized to address the objective of the study. The major findings are summarized as follow: Foreign aid has not led to poverty alleviation in Nigeria. Similarly, FDI has a negative impact on household consumption per capita and not significant at 10% level of significance. This implies that FDI does not reduce poverty in Nigeria. In addition, there is an existence of insignificant positive relationship between inflation rate and household consumption per capita in Nigeria. Furthermore, there is a unidirectional causality which runs from foreign aid to household consumption per capita. However, there is no feedback relationship between foreign aid and FDI, likewise FDI and household consumption per capita. Also, there is a unidirectional causal relationship flowing from inflation rate to household consumption per capita. Finally, due to the findings it is recommended that since foreign aid has no reducing impact on poverty in Nigeria, the policy makers should not depend on foreign aid as the only means of combating poverty in Nigeria. Therefore, a holistic approach for tackling the challenge of poverty in Nigeria is suggested and should be embraced.
 
Publisher International Journal of Advanced Economics
 
Contributor
 
Date 2019-12-09
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article

 
Format application/pdf
 
Identifier http://fepbl.com/index.php/ijae/article/view/71
 
Source International Journal of Advanced Economics; Vol 1, No 3 (2019); 102-111
2707-2142
2707-2134
 
Language eng
 
Relation http://fepbl.com/index.php/ijae/article/view/71/69
 
Coverage Nigeria; Africa


 
Rights Copyright (c) 2019 Adebayo Abiola Georgina, Afolayan Olufunmilayo T.
https://creativecommons.org/licenses/by-nc/4.0
 

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