期刊名称：Journal of Economics and Sustainable Development
印刷版ISSN：2222-2855
电子版ISSN：2222-2855
出版年度：2018
卷号：9
期号：18
页码：69-80
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：The study researched into the impact of Foreign Aid (FA) on the Economic Development of Nigeria since the literature is yet to reach an agreement on the role of FA in economic development. The study made use of secondary data and reviewed past works done in the area for knowledge gathering. We employed vector error correction model (VECM), after unit root test and Johansen cointegration test of the series were carried out. The study found out that foreign aid flow (FAF) in Nigeria is positively related to gross domestic product (GDP), but however insignificant. That is, it does not create impact on the economy to be felt by the people. The study recommended that government should ensure that foreign aid received are invested in productive ventures and create institutions to monitor its usage, as well block diversion to non-authorised purposes.
