THE NIGERIAN GOVERNMENT EXPENDITURE ON HUMAN CAPITAL DEVELOPMENT: AN EFFICIENCY ANALYSIS
Journal Title: European Journal of Business and Social Sciences - Year 2014, Vol 3, Issue 7
Abstract
This study investigates the Nigerian government Expenditure on Human Capital Development. The level of human capital development, which is a reflection of the level of health and education of a nation affect the level of economic activities in that nation. In view of the foregoing, this study seeks to evaluate how efficient government spending on human capital development in Nigeria has been with particular emphasis on the education component of human capital development. The unit root test was conducted to determine whether the variables are stationary or not using Phillip Peron test. The Phillip Peron test was used to efficiently account for the stochastic trends in the data series. In order to capture the efficiency of government expenditure on human capital development in Nigeria the data analysis was conducted using Data Envelopment Analysis involving Input Oriented Variable Return to Scale. The findings of the study reveal that there has been significant reduction in the efficiency of government expenditure since 1990 up till 2011 which has been on decreasing level. This result therefore could be evidenced from the poor quality and output experienced in the Nigerian education sector. It is therefore recommended that effort should be made to encourage, promote self-dedication, commitment and service delivery in order to improve on the quality of educational output in Nigeria in terms of quality of human capital and capacity building.
Authors and Affiliations
OMANKHANLEN ALEX EHIMARE (Ph. D)| (CORRESPONDING AUTHOR) Department of banking and finance, covenant university, p.m.b.1024, ota, ogun state, nigeria TEL.NO.234-8034282063 eMail. alexehimare@yahoo.com ehimare.omankhanlen@covenantuniversity.edu.ng, JOSHUA O. OGAGA-OGHENE| Vice chancellor’s office, covenant university, ota, ogun state, nigeria eMail: joshogaga@gmail.com, BARR. EMMANUEL IMUETINYAN OBARISIAGBON| Dept. Of sociology and anthropology, university of benin, benin city eMail: eiobarisiagbon@yahoo.com, UCHECHUKWU EMENA OKORIE| Department of economics Covenant university, ota, ogun state, nigeria Tel: 234-08032321499 Email:ucheson4excel@yahoo.com
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- EP ID EP10487
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