- Title Page ——————————————————————————– i Approval Page ————————————————————————– ii Dedication ——————————————————————————- iii Acknowledgement ——————————————————————— iv Table of Content ———————————————————————– v List of Tables ————————————————————————— vii List Figures —————————————————————————— viii List of Abbreviation ——————————————————————– ix Abstract ———————————————————————————- xi
Chapter ONE
INTRODUCTION
- 1.1Introduction ——————————————————————— 1
- 1.2Statement of Problem ——————————————————— 3
- 1.3Objectives of Study ———————————————————— 6
- 1.4Significant of Study ———————————————————– 7
- 1.5Literature Review ————————————————————— 9
- 1.6Theoretical Framework ——————————————————- 23
- 1.7Hypotheses ———————————————————————- 30
- 1.8Method of Data Collection/Analysis —————————————- 30
Chapter TWO
LITERATURE REVIEW
- LOAN CONDITIONALITIES AND DEVELOPMENT ASSISTANCE TO NIGERIA
- 2.1World Bank/IMF Loan Conditionalities and the Obligations of Recipient States —————————————————————- 32
- 2.2Nigeria’s Commitment in Implementing these Loan Conditionalities —————————————————————- 36
- 2.3World Bank/IMF Increased Development Loan Assistance to Nigeria ————————————————————————– 42
Chapter THREE
SYSTEM DESIGN AND IMPLEMENTATION
- DEVELOPMENT LOAN ASSISTANCE AND ECONOMIC GROWTH
- 3.1Overview of Nigeria’s Economic Growth between 1999 – 2008 ——— 51
- 3.2World Bank/IMF Development Loan Packages between 1999 – 2008 — 53
- 3.3Effects of World Bank/IMF Development Loans on Nigeria’s Economic Growth ————————————————————– 60 3.
- 3.1The Millennium Development Goals and Nigeria’s Economic Growth ————————————————————————— 63 3.
- 3.2The Vision 2020: Nigeria’s Drive to Economic Development and Maturity ——————————————————————— 65
Chapter FOUR
SYSTEM TESTING AND EVALUATION
- NIGERIA’S LOAN SERVICING ABILITY AND WORLD BANK’S CREDIT PORTFOLIO
- 4.1Nigeria’s Ability and Commitment to Debt Servicing ——————– 68
- 4.2World Bank’s Increment of Credit Portfolio to Nigeria ——————- 77
- 4.3Nigeria’s Debt Servicing Policy Vis-à-vis World Bank’s Credit Policy: An Interface Analysis ———————————————— 87
Chapter FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
- AND CONCLUSION
- 5.1Discussion of the Findings —————————————————— 102
- 5.2Conclusions ———————————————————————– 103
- 5.3Recommendations —————————————————————- 105 Bibliography —————————————————————————– 106
Thesis Abstract
The study investigated World Bank and crises of development in Nigeria (1999 to 2008). The criteria for determining the magnitude of development loan assistance from the World Bank approximates with the level of the developmental needs of Nigeria and by extension, other African States. It therefore, contribute to the crisis of development in Nigeria and other African States? Utilizing the theoretical framework of functionalism which is based on the hope that more and more common task will be delegated to such specific functional organizations or agencies of the United Nations like the Bank/IMF; and each of these organizations will become supranational. Relying on secondary source of data, relevant qualitative data were generated for the study. These were analysed using qualitative descriptive analysis. On the basis of this, the study unravelled that there is a positive relationship between the level of loan conditionalities and increase in development loan assistance to Nigeria. Also we noted that there is positive relationship between economic growth and development loan assistance to Nigeria by World Bank. Finally we remarked that there is no significant relationship between Nigeria’s higher ability to service loans and increase in World Bank credit portfolio to Nigeria.