The effect of educational expenditure on economic growth in Nigeria (eBook)

Academic Paper from the year 2021 in the subject Politics - Region: Africa, grade: 1.00, , language: English, abstract: This study examined the effect of educational expenditure on the growth a Nations economy, case study Nigeria. The main objective of the study were to analyze the positive impact education has on the growth of the Nigerian economy, we focused more on the tertiary sector, although the educational system in the country has been plagued by poor funding, corruption and unqualified teachers in the system.
The data for the study was collected by secondary source and analyzed using chi-square test and other econometric barometric test. The result from the study shows there is a positive relationship between expenditure in education and the growth of the Nigerian economy.
The study concludes that the right expenditure in the educational sector is important in achieving the much needed growth of the Nigerian economy. The study recommends that more needs to be done for the educational sector to grow in the country, the government needs to channel more funds in the nation’s budget for sector to attain growth else the country will experience more drop out of school pupils which will in-turn affect the development of the country’s economy negatively.