AN ASSESSMENT OF THE IMPACT OF CHINESE FOREIGN AID TO NIGERIA (1999-2023)
Abstract
ABSTRACT
This study critically examines the impact of Chinese foreign aid on Nigeria between 1999 and 2023, highlighting its implications for economic growth, infrastructure development, trade dynamics, industrial competitiveness, fiscal policy, and debt sustainability. Relying on secondary data sources, the research identifies both the opportunities and risks embedded in Nigeria’s growing engagement with China. Findings reveal that while Chinese aid has significantly contributed to infrastructure development—particularly in transport and energy—it has also deepened Nigeria’s external debt burden, skewed trade relations in favor of China, and weakened local industries. Moreover, the increasing dependency on Chinese aid raises concerns about Nigeria’s policy autonomy and long-term development sustainability. The study concludes that although Chinese aid offers strategic benefits, it also poses serious economic and institutional challenges. It recommends a more balanced, transparent, and nationally-driven approach to foreign aid management in order to safeguard Nigeria’s sovereignty and development interests.
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