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Not much empirical attention has been focused on the effects of government education expenditure and school attainment on per capita income in Nigeria. Therefore, this paper examined the effects of government education expenditure and school attainment on per capita income in Nigeria from the period 1990-2018. The variables used are: per capita gross domestic product, literacy rate, school enrolment rates for primary, secondary and tertiary education. The data were sourced from the Central Bank of Nigeria(CBN) Statistical Bulletin, the Nigerian Bureau of Statistics(NBS) and World Bank Development Indicator (2019). The variables were estimated using the dynamic autoregressive distributed lag approach(ARDL). The findings showed that gross fixed capital formation, government capital expenditure on education, secondary school enrolment ratio, tertiary school enrolment ratio and adult literacy rate had significantly positive effects on GDP per capita while labour force and primary school enrolment ratio had negative effects on GDP per capita. The results also revealed that Government recurrent expenditure were negatively related to GDP per capita in the short-run and positively related to GDP per capita in the long-run. The policy implications of the findings were discussed. The paper, therefore, recommended that the Nigerian government should: revise the current education curriculum so as to produce self-employable graduates and increase its budgetary allocation to education in line with the 26 percent benchmark of the United Nations Educational, Scientific and Cultural Organization (UNESCO) for developing countries.
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In-Text Citation: (Kenneth et al., 2020)
To Cite this Article: Kenneth, O. A., Kenneth, O. O., Uju, R. E., & Chris, U. K. (2020). Analysis of Effects of Government Education Expenditure and School Attainment on Per Capita Income in Nigeria. International Journal of Academic Research in Business and Social Sciences, 10(8), 121–146.
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