Foreign Aid and Nigeria's Development: An Assessment of China's Foreign Direct Investment Inflow into Nigeria's Economy

Abstract

The paper examines the impact of foreign aid and foreign direct investment of China into the Nigeria's economy. The aim of the paper is to assess the inflow of foreign direct investment into the Nigerian economy in the last decade. Developing countries such as Nigeria relies on foreign aid for national development instead of foreign direct investment in the various economic sectors. The paper employed qualitative descriptive research method to interrogate this economic development approach to national development.