The effectiveness of the aid programs in developing countries have been questioned by development scholars
and researchers leading to debates on the plausibility of the view that grater aid is the panacea to third world
development challenges. While a few scholars have argued for the relevance of aid in the process of
development, dissident economist such as Bauer and Friedman have argued against the ineffectiveness of these
development aid programs. In their opinion, what aid really translates to is “...an excellent method for
transferring money from poor people in rich countries to rich people in poor countries”. The main trust of this
paper therefore, is to critically analyze all contending debates and arguments on the subject of aid / grater aid
debate, with the view to determining the plausibility of the greater aid argument via traditional methods of
rational critical analysis in philosophy and the conceptual clarification of relevant literature and arguments in
related library and archival materials. In adopting the two gap model and the poverty-trap model as major
frameworks of analysis for the study, the paper identified reasons why there is still no consensus on whether
greater aid can indeed fuel growth at the macroeconomic level. All models employed for studies on aid tend to
turn out different results. The various methods used for their analysis were also found wanting when subjected to
sensitivity tests. This study therefore recommends that contemporary researchers subscribe to current trends of
research geared towards identifying country specific factors responsible for the success or failure of aid in
promoting growth.