IMPACT OF HUMAN CAPITAL DEVELOPMENT ON THE ECONOMIC GROWTH OF NIGERIA FROM 2015-2018
Abstract
ABSTRACT
This study examined the impact of human capital development on the economic growth of Nigeria between 2015 and 2018. Human capital development, measured through government expenditure on education and health, school enrollment rates, and life expectancy, plays a vital role in enhancing productivity and national output. Secondary data were obtained from the World Bank, Central Bank of Nigeria, and National Bureau of Statistics. Gross Domestic Product (GDP) served as a proxy for economic growth. Using descriptive and regression analysis, findings revealed that investment in education and healthcare positively influenced Nigeria’s GDP within the study period. However, the impact was constrained by underfunding, policy inconsistency, and structural economic challenges. The study recommends increased budgetary allocation to education and health sectors, improved policy implementation, and strengthened institutional frameworks to enhance sustainable growth.
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