Foreign Financial Aid and Pseudo Role of Elites on Economic Development in Nigeria 2011-2015
Journal Title: IOSR Journal of Humanities and Social Science - Year 2018, Vol 23, Issue 7
Abstract
The analysis of global development indicates that the nation received a sizeable proportion of foreign assistance from diverse places which were originally meant for economic development. Sadly, the bulk of this foreign aid received was used for personal needs instead of improving the nation’s economic development. This culminated into massive abject poverty, illiteracy, unemployment, dilapidated infrastructures, inequality and depreciation of naira. The aim of the study is to ascertain if the misappropriation of foreign financial aid is traceable to the pseudo role of elites on economic in Nigeria. The secondary source of data was used. Data was analyzed using qualitative approach. Leadership and governance explanatory tool was used. The paper recommends an information technology driven development corporation assistance management to get relevant data on the operation of development cooperation. The elites who slash away foreign aid should be sentenced to death and the citizens should be empowered to create value for themselves.
Authors and Affiliations
Dr. Uchechukwu Anthony Nwobi
Keywords
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- EP ID EP419548
- DOI 10.9790/0837-2307055363.
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