Foreign Aid: Nigerian Legal and Economic Albatross

Abstract

The Nigerian economy is stunted in growth with its attendant poor living standard of the people. Despite the enormous resources and human capital at her disposal, it depends on foreign aid to execute its capital projects like other developing nations. Regrettably this foreign aid is mismanaged and in some cases siphoned into private foreign accounts. This articles chronicles the concept of foreign aid, its distribution and international law implications on the sovereignty of the Nigerian State as well as the economic distress that comes in its wake among others.