Human Capital Development And Economic Growth In Nigeria (1981-2014)

ABSTRACT

The study examine the impact of Human capital development on the Nigerian economic growth, from 1981 2014. The objectives of the study are; to examine the  of human capital development on the economic growth of Nigeria, to examine long-run relationship between human capital development and the Nigerian economic growth. Thus, economists observed that the development and utilization of human capital is important in nation 's economic growth. however, the illiteracy rate in Nigeria is high and many workers are unskilled, leading to their low productivity; hence, this study with the aid of OLS and co-integration method used shows the relevance of human capital development to the growth of the economy. The findings confirm that there is strong positive relationship between human capital development and economic growth. Pillowing the findings, it was recommended that; there is need to understand the endemic problems endangering human capital development. This will help to ascertain the pragmatic step in solution to it. Government should channel funds to programmes that will encourage training of skills as this will help to Improve human resources. Efforts should be geared towards improving the standard of education in Nigeria, and Substantial amount of government budgetary allocation should be directed towards the educational sector.