Assessment of The Impact of World Bank Programmes on Sustainable Development in Nigeria

The World Bank is an international institution tasked with supporting developing countries' economic development by offering financing, advice and research. The bank primarily functions as a group that helps low- and middle-income nations develop in an effort to combat poverty. Nigeria’s membership of this Bretton Wood institution was ratified on March 30, 1961, following the country’s independence in October 1960. Neoliberal institutionalism serves as underlying theoretical framework for analysis This model helps illuminate World Bank’s contribution to fighting poverty and promoting economic development, social inclusion, capacity building, and sustainable development in Nigeria. The survey research methodology was used with in-depth interview as instrument deployed to pool primary data in addition to a comprehensive analysis of relevant literature in print format and online. The study reveals that endemic corruption and a lack of capacity are among internal dynamics within Nigeria that the World Bank have had to contend with. They also ostensibly account for apparent failure of some of World Bank development initiatives.

Development Assistance; Neoliberal Institutionalism; Nigeria; Sustainable Development; World Bank.

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