FOREIGN AID AND IT IMPACT ON SOCIO ECONOMIC DEVELOPMENT IN NIGERIA’S FOURTH REPUBLIC
CHAPTER ONE INTRODUCTION Background of the study Developing countries are characterized by resource starved economies, specifically capital-related. Capital to boost economic growth and welfare is largely inadequate domestically, which consequently warrants the need for external capital. The only external capital readily available to support development undertakings have to come from foreign aid. It began in the late 1940‘s with the purpose of reconstructing the war-torn economy of Western Europe. African ...
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