THE IMPACT OF FOREIGN AID ON SUSTAINABLE DEVELOPMENT IN NIGERIA: AN ENVIRONMENTALLY ADJUSTED HUMAN DEVELOPMENT INDEX APPROACH
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Abstract
Description
The prime purpose of this research is to understand the relationship between foreign aid and
sustainable development in Nigeria, using an environmentally adjusted human development index
as a tool to measure sustainable development. Net Official Development Assistance & Official aid
received (ODA) was used as a proxy for foreign aid (ODA) while the proxy for sustainable
development was the Environmentally Adjusted Human Development Index (EaHDI). The study used
secondary sources of data. The researcher employed the use of Spearman's Correlation and Simple
Linear regression analysis. The research could not find any statistically significant evidence that
foreign aid has contributed significantly to sustainable development in Nigeria, even when corruption
is controlled. The researcher recommends the adoption of sustainability reporting by the Nigerian
Government, and follow up on donations by foreign aid donors to ensure accountability and
transparency in the use of funds.
Keywords
H Social Sciences (General), HF Commerce, HF5601 Accounting