Abstract
This study examines the effect of foreign aids on poverty level in Nigeria using Autoregressive Distributed Lag (ARDL) approach. Data spanned from 1980-2015 were sourced from World Bank development indicators, Central Bank of Nigeria Statistical Bulletin and National Bureau of Statistics. From the ARDL Bound test approach to co-integration, the result of the study showed that foreign aids help in reducing poverty, but does not have a significant effect on the level of poverty in Nigeria. The study therefore argued that foreign aids could be effective in Nigeria if multilateral and multidimensional aids system were adopted which should be directed to different areas in the Nigerian economy. Also, proper care and monitoring needs to be put in place in order to checkmate any attempt for corruption especially in a situation where private individuals would divert foreign aids to solve private needs.
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