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Human Capital Development and Economic Growth in Nigeria; The Role of Nomadic Education

Author

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  • UDUH Dominic Marior
  • AZU Benedict Chioma

Abstract

Education is crucial to the socio-economic development of any country. This is because appropriate knowledge and skills are acquired in the formal setting of primary, secondary and higher education including adult, professional, technical and non-formal education. This study examined the impact of Nomadic education expenditure and economic growth in Nigeria. The study made use of time series data on real gross domestic product and total government expenditure on Nomadic education from 1986 to 2014. The study employed ordinary Least Square (OLS), which provides information about the long run relationship between the variables and revealed that total government expenditure on Nomadic education ((NEDUE) has a significant impact on Nigeria economic growth. The study concluded that there is need for the government to increase her budgetary allocation to the nomadic education and other educational sector because adequate investment in this sector will improve educational outcome and induce the nation economic growth.

Suggested Citation

  • UDUH Dominic Marior & AZU Benedict Chioma, 2017. "Human Capital Development and Economic Growth in Nigeria; The Role of Nomadic Education," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 7(11), pages 931-941.
    • Handle: RePEc:asi:ijoass:v:7:y:2017:i:11:p:931-941:id:2956
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