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The Impact Of Foreign Aid On Sustainable Development In Nigeria: An Environmentally Adjusted Human Development Index Approach

Author

Listed:
  • IJACHI IJACHI

    (Covenant University, Ota)

  • Uwuigbe Uwalomwa

    (Covenant University, Ota)

  • STEPHEN OJEKA

    (Covenant University, Ota)

  • OPEYEMI AJETUNMOBI

    (Covenant University, Ota)

  • SIMON ILOGHO

    (Covenant University, Ota)

Abstract

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.

Suggested Citation

  • IJACHI IJACHI & Uwuigbe Uwalomwa & STEPHEN OJEKA & OPEYEMI AJETUNMOBI & SIMON ILOGHO, 2020. "The Impact Of Foreign Aid On Sustainable Development In Nigeria: An Environmentally Adjusted Human Development Index Approach," Proceedings of Business and Management Conferences 10112630, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:ibmpro:10112630
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    References listed on IDEAS

    as
    1. Jan Fagerberg & Martin Srholec, 2017. "Capabilities, economic development, sustainability," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(3), pages 905-926.
    2. Simplice Asongu, 2016. "Reinventing Foreign Aid For Inclusive And Sustainable Development: Kuznets, Piketty And The Great Policy Reversal," Journal of Economic Surveys, Wiley Blackwell, vol. 30(4), pages 736-755, September.
    3. Fiorini, Matteo & Hoekman, Bernard, 2018. "Services trade policy and sustainable development," World Development, Elsevier, vol. 112(C), pages 1-12.
    4. ., 2017. "The normative legal character of sustainable development," Chapters, in: North-South Regional Trade Agreements as Legal Regimes, chapter 4, pages 110-135, Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Foreign Aid; Sustainable Development; Environmentally Adjusted Human Development Index; Nigeria; Official Development Assistance; Environmental Performance Index;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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