aid comes in different types and forms. In Nigeria, the types of foreign aid
This is also known as financial aid. Economic assistance includes
infrastructural development, investments, loans and the likes. According to UN,
economic loans are outright grants and long term loans for non-military
purposes by governments and various international institutions.
This type of aid is given in the form of military assistance by transfer of
military personnel, equipment, arms, strategic and tactical advice from a donor
state to the recipient state. The donor state may send soldiers to receive
training from the recipient states. The donor state may also supply military
hardware to the recipient country.
just as the name implies, it is aid given for a specific project. In essence,
this type of aid deals with funds channelled directly to sectors such as
health, education, rural development, water supply, transport, power, housing
and the likes. Conchesta (2008) states that this type of aid has, however, not
been as common as in the 1990s.
Nowadays, a minimal amount of aid is being channelled to industrial,
mining, trade and cultural projects or sectors.
Programme Aid: this type of aid is defined by OECD as
financial contributions not linked to specific activities (Riddell 2007). This
is a type of financial assistance that is primarily aimed at funding imports,
boosting aggregate revenue and increase overall spending. Programme aid can be
given in different forms. This includes budget support (aid funds), balance of
payment support, and debt relief as an attempt to support the expenditure of
Humanitarian Aid: according to Conchesta (2008), this is the
type of aid given to relieve suffering, save lives in cases of natural or
man-made disasters (war-like situations). It serves as a response to problems
that break out from conflict zones in failing states. This type of foreign aid
is not needed for long term issues, rather, it addresses emergencies which
require immediate attention and assistance. It includes provision of food aid
to refugees and Internally Displaced Persons (IDPs), funding through aid
agencies or governments of affected countries, and so on.