Bullion
Keywords
ODA, Foreign AID, Political Economy, Nigeria.
Abstract
This study examines the effects of Official Development Assistance (ODA) on Nigeria’s economic growth, social welfare, and political development from 1960 to 2024. Using thematic content analysis, the findings reveal that ODA’s impact has been marginal, falling short of expectations. Instead of fostering economic growth and strengthening social and political systems, ODA often generated unintended outcomes. The study recommends that Nigeria reduce dependence on foreign aid, strengthen national institutions, tackle corruption, and reform public debt management to achieve sustainable development that aligns with relevant targets of the Sustainable Development Goals (SDGs).
Publication Title
Bullion
Issue
4
Volume
49
First Page
49
Last Page
61
Recommended Citation
(2025)
"Official Development Assistance (ODA) in Nigeria: A Political Economy Perspective,"
Bullion: Vol. 49:
No.
4, Article 4.
Available at:
https://dc.cbn.gov.ng/bullion/vol49/iss4/4