Human Capital and Economic performance in Nigeria

Faizah Adhama Mukhtar, Kabiru Sufi Sa’id and Hadiza Nasir Iro
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Faizah Adhama Mukhtar: Federal University Dutse, Jigawa State
Kabiru Sufi Sa’id: Kano State College of Education and Preliminary studies
Hadiza Nasir Iro: Kano State College of Education and Preliminary studies

International Journal of Research and Innovation in Social Science, 2021, vol. 05, issue 1, 68-72

Abstract: The study analyses the influence of human capital progress on economic performance in Nigeria using Endogenous Growth model and ARDL approach from 1981 to 2019. Data was obtained from central bank of Nigeria statistical bulletin and world development indicator. Long run estimate illustrates that capital expenditure on education accelerates economic progress, recurrent expenditure on education does not explain economic growth and population shrinks economic performance. Short run result also shows that capital expenditure on education is positive and significant in determining economic growth. On the contrary, recurrent expenditure on education do not impact significantly on economic growth. Therefore, based on the findings, the study recommends that in order to boost human capital and attain sustainable economic progress, budget allocation on capital expenditure on education should be increased and policy makers should design policies that will curb population growth such as limiting the number of child birth per couple and provision of free family planning tools.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:5:y:2021:i:1:p:68-72

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