Year: 2020
Type: article
Abstract: The aim of this study is to examine the long run equilibrium relationship between officialdevelopment assistant and poverty alleviation in Nigeria over the period of 1981 to 2017 which paststudies have failed to explore. Consequently, the study utilized data from UNCTAD, World Bankdatabase, CBN Statistical Bulletin and Cointegration, DOLS and Granger Causality approach was usedto address the objective of this study. However, the major findings in this study are summarized asfollows. Firstly, there is a significant negative relationship between official development assistance andpoverty level in Nigeria. However, FDI which also constitutes a strategic part of foreign capital inNigeria does not contribute to poverty alleviation in Nigeria. Furthermore, official developmentassistance and poverty level in Nigeria have a bidirectional feedback. Due to the findings that emergedfrom this study, the following recommendations are made for the policy makers that wheneveralleviation of poverty is the target of the policy makers in the country, the Nigerian government shouldbe committed to the provision of a sound environment and good governance that can facilitate furtherinflows of official development assistance from the developed countries, especially G 7 countries. Also,the policy makers in Nigeria should ensure that ODA should be tailored towards projects and programsthat have trickle down effects on the masses in the country.
Author: Timothy Ayomitunde Aderemi
Language: English
Subfield: Development
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W3214459489