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Foreign Aids and Sustainable Growth in Africa: Evidence from Nigeria

This study analyzes the foreign aids and sustainable growth in Africa using Nigeria as a point of reference. The study employs annual data sourced from the World Development Indicators (WDI) 2017 spanning from 1970 to 2017 in determining the effects of foreign aid on sustainable growth in Africa while adopting quantile regression model after testing for the stationarity tests using both the Augmented Dickey-Fuller (ADF) and Phillips–Perron (PP) tests. The estimation result from the quantile regression shows that external debt (EXD) and official development assistance (ODA) have a negative and …

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