Authors: JULIE OSAYANDE ENOMA*,
Topics: Economic Geography, Third World, Africa
Session Type: Paper
Start / End Time: 5:00 PM / 6:40 PM
Room: 8229, Park Tower Suites, Marriott, Lobby Level
Presentation File: No File Uploaded
This paper examines the argument for and against the use of foreign aids as a means of poverty alleviation in Nigeria. Foreign aids in this context refers to either monetary, goods and services received in Nigeria to alleviate poverty. The issue is examined through the review of different examples. The study has shown that the provision of aids to alleviate poverty in Nigeria has worsened situation in many sectors of development and as the situation stands, however, both colonial and contemporary governmental interveners have created a situation where agencies and people who depend on this aids are not able to make effective change in their natural and social environment.
This dependency has made Nigerians consumers and not producers. The study suggest that developing country like Nigeria needs to improve governance, eradicate corruption, enhance the capacity of public institutions and boost economic growth through encouragement from developed countries by boosting technological advancements, stabilizing power supply to boost industrial development, encouraging agricultural dependency to allow for food sufficiency in Nigeria, by opening their own markets for our Nigeria goods.
These critical steps if taken will help reduce poverty and prevent future debt crisis.