Foreign Aid And Its Impact On Socio-economic Development In Nigeria

CHAPTER ONE:INTRODUCTION Background to the Study The role of foreign aid in the growth process of developing countries has been an issueof intense debate. Foreign aid is an important issue given its implications for poverty reduction in developing countries. Previous empirical studies on foreign aid and economic growth generate mixed results. For example, Addison, Mavrotas and McGillivray (2005)find evidence for positive impact of foreign aid on growth; Abegaz (2005) find evidence for negative impact of foreign aid and growth, while AFDB (2005),AFDB (2004) find evidence to suggest that aid has…