IDEAS home Printed from https://ideas.repec.org/p/sek/ibmpro/10112630.html
   My bibliography  Save this paper

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
    as

    Download full text from publisher

    File URL: https://iises.net/proceedings/11th-business-management-conference-dubai/table-of-content/detail?cid=101&iid=006&rid=12630
    File Function: First version, 2020
    Download Restriction: no
    ---><---

    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. Fiorini, Matteo & Hoekman, Bernard, 2018. "Services trade policy and sustainable development," World Development, Elsevier, vol. 112(C), pages 1-12.
    3. 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.
    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)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Janina Ribelienė & Jūratė Macijauskienė & Rasa Tamelienė & Aušrelė Kudrevičienė & Irena Nedzelskienė & Aurelija Blaževičienė, 2022. "Factors Relating to a Safety Culture in the University Perinatal Center: The Nurses’ and Midwives’ Perspective," IJERPH, MDPI, vol. 19(16), pages 1-10, August.
    2. Yunjie Liu & Qiang Jin & Bo Wen & Zhibao Huo & Yuanhang Zhu & Minghai Zhang & Zhili Wang & Aidang Shan, 2020. "The economic and environmental assessment on production stage of quayside crane," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(4), pages 2759-2778, April.
    3. Jan Fagerberg & Bengt-Åke Lundvall & Martin Srholec, 2018. "Global Value Chains, National Innovation Systems and Economic Development," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 30(3), pages 533-556, July.
    4. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "Foreign Aid and Inclusive Development: Updated Evidence from Africa, 2005–2012," Social Science Quarterly, Southwestern Social Science Association, vol. 98(1), pages 282-298, March.
    5. Asongu, Simplice & Nwachukwu, Jacinta, 2016. "Reconciliation of the Washington Consensus with the Beijing Model in Africa," MPRA Paper 73685, University Library of Munich, Germany.
    6. Oasis Kodila-Tedika & Simplice A. Asongu & Julio Mukendi Kayembe, 2016. "Middle Class in Africa: Determinants and Consequences," International Economic Journal, Taylor & Francis Journals, vol. 30(4), pages 527-549, October.
    7. Simplice A. Asongu & Jacinta C. Nwachukwu, 2018. "Increasing Foreign Aid for Inclusive Human Development in Africa," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 138(2), pages 443-466, July.
    8. Simplice Asongu & Jacinta C. Nwachukwu, 2017. "Recent finance advances in information technology for inclusive development: a survey," Working Papers of the African Governance and Development Institute. 17/009, African Governance and Development Institute..
    9. Simplice A Asongu & Sara Le Roux, 2019. "Understanding Sub-Saharan Africa’s Extreme Poverty Tragedy," International Journal of Public Administration, Taylor & Francis Journals, vol. 42(6), pages 457-467, April.
    10. Asongu, Simplice A. & Nnanna, Joseph & Acha-Anyi, Paul N., 2020. "Finance, inequality and inclusive education in Sub-Saharan Africa," Economic Analysis and Policy, Elsevier, vol. 67(C), pages 162-177.
    11. Bernard Hoekman & Anirudh Shingal, 2020. "Aid for trade and international transactions in goods and services," Review of International Economics, Wiley Blackwell, vol. 28(2), pages 320-340, May.
    12. Simplice Asongu & Rexon Nting, 2021. "The role of finance in inclusive human development in Africa revisited," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 38(2), pages 345-370, February.
    13. Sedova, Barbora & Kalkuhl, Matthias, 2020. "Who are the climate migrants and where do they go? Evidence from rural India," World Development, Elsevier, vol. 129(C).
    14. Simplice A. Asongu & Uchenna R. Efobi & Belmondo V. Tanankem & Evans S. Osabuohien, 2019. "Globalisation and Female Economic Participation in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 19/019, African Governance and Development Institute..
    15. Asongu, Simplice & Nwachukwu, Jacinta C., 2015. "Finance and Inclusive Human Development: Evidence from Africa," MPRA Paper 71787, University Library of Munich, Germany.
    16. Asongu, Simplice A. & Nwachukwu, Jacinta C., 2016. "The role of governance in mobile phones for inclusive human development in Sub-Saharan Africa," Technovation, Elsevier, vol. 55, pages 1-13.
    17. Angelica Sbardella & Emanuele Pugliese & Andrea Zaccaria & Pasquale Scaramozzino, 2018. "The role of complex analysis in modeling economic growth," Papers 1808.10428, arXiv.org.
    18. Sèna K. Gnangnon, 2021. "Aid for Trade and services export diversification in recipient countries," Australian Economic Papers, Wiley Blackwell, vol. 60(2), pages 189-225, June.
    19. Simplice A. Asongu & Uchenna R. Efobi & Belmondo V. Tanankem, 2017. "On the Relationship between Globalisation and the Economic Participation of Women in Sub-Saharan Africa," Research Africa Network Working Papers 17/001, Research Africa Network (RAN).
    20. Simplice Asongu, 2015. "Rational Asymmetric Development: Transfer Pricing and Sub-Saharan Africa’s Extreme Poverty Tragedy," Working Papers of the African Governance and Development Institute. 15/017, African Governance and Development Institute..

    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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sek:ibmpro:10112630. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klara Cermakova (email available below). General contact details of provider: https://iises.net/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.