Foreign aid, public expenditure and economic growth: the Nigerian case

Ibrahim Abidemi Odusanya, Abidemi I. Logile, Lateef Olawale Akanni

Research output: Contribution to journalArticlepeer-review

8 Citations (Scopus)

Abstract

Foreign aid represents an important source of finance in most countries in Sub-Sahara Africa (SSA), including Nigeria, where it supplements low savings, narrow export earnings and thin tax bases. In fact, foreign aid is considered to be a major supplement to government expenditure in Nigeria. As a result, foreign aid can have positive effect on economic growth, through public expenditure if properly channeled to the productive sectors of the economy. This paper therefore seeks to investigate the impact of foreign aid and public expenditure on economic growth in Nigeria. It reveals that foreign aid and public expenditure impact positively on the economic growth in Nigeria, with foreign aid indicating a very significant impact on growth.
Original languageEnglish
Pages (from-to)33-41
Number of pages9
JournalJournal of Applied Business Research (JABR)
Volume27
Issue number3
DOIs
Publication statusPublished - 1 May 2011

Keywords

  • foreign aid
  • public expediture
  • economic growth

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