Article citationsMore>>

CBN (2004). Central Bank of Nigerian Economic and Financial Review. Department for International Development—DFID.

has been cited by the following article:

• TITLE: The Effects of Foreign Aid and Foreign Direct Investment on Human Capital Development in Nigeria: Evidence from 1990 to 2018

  AUTHORS: Oluwaseun Ibukun, Joshua Alahira, Bankole Kumolu-Johnson, Babatunde Oloyede

  KEYWORDS: Human Development Index, Foreign aid, Foreign Direct Investment, Johansen Cointegration Test, World Bank, Nigeria

  JOURNAL NAME: Journal of Human Resource and Sustainability Studies, Vol.12 No.2, May 9, 2024

  ABSTRACT: Economic growth and human development have been one of the top goals of every forward-looking country; hence there is a constant need to analyze the important factors driving its growth or decline. This study explores the impact of foreign aid and foreign direct investment (FDI) on the human capital development mirrored by human development index (HDI) in Nigeria from 1990-2018 using World Bank indicators. Johansen cointegration test results show a long-term relationship between foreign aid, FDI and human development index. Regression results show a positive relationship between foreign aid and HDI but a negative relationship between FDI and HDI.