International Journal of Economics, Finance and Management Sciences

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Government Education Spending and Education Outcome in Nigeria

Received: 14 July 2016    Accepted: 25 July 2016    Published: 06 August 2016
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Abstract

Expenditure on education is regarded as investment in human capital because it helps in skill formation and thus raises the ability to work and produce more. Government education spending is of great importance to national development and plays a critical role in promoting growth and knowledge deepening. This paper examines government education spending and education outcome in Nigeria from 1970 – 2013. Employing Augmented Dickey Fuller (ADF) unit root test and Ordinary Least Square (OLS) technique, the study revealed that public education spending has a positive and significant effect on education outcome in Nigeria. Public health expenditure and urban population growth were also found to have positive effects on education outcome but are non significant in determining education outcome. The study recommends among other things, that government should spend more on education which needs to be targeted for the desired effects to be realized. Again government should monitor spending given the history of corruption and embezzlement of public funds in Nigeria.

DOI 10.11648/j.ijefm.20160404.18
Published in International Journal of Economics, Finance and Management Sciences (Volume 4, Issue 4, August 2016)
Page(s) 223-234
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This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Government Spending, Education Outcome, Economic Development

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Author Information
  • Department of Economics, Nnamdi Azikiwe University, Awka, Nigeria

  • Department of Economics, Chukwuemeka Odumegwu Ojukwu University, Igbariam, Nigeria

  • Department of Economics, Nnamdi Azikiwe University, Awka, Nigeria

  • Department of Economics, Chukwuemeka Odumegwu Ojukwu University, Igbariam, Nigeria

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    Charles Uchenna Obi, Sylvester Chukwunonso Ekesiobi, Stephen Kelechi Dimnwobi, Emilia Mukosolu Mgbemena. (2016). Government Education Spending and Education Outcome in Nigeria. International Journal of Economics, Finance and Management Sciences, 4(4), 223-234. https://doi.org/10.11648/j.ijefm.20160404.18

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    Charles Uchenna Obi; Sylvester Chukwunonso Ekesiobi; Stephen Kelechi Dimnwobi; Emilia Mukosolu Mgbemena. Government Education Spending and Education Outcome in Nigeria. Int. J. Econ. Finance Manag. Sci. 2016, 4(4), 223-234. doi: 10.11648/j.ijefm.20160404.18

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    AMA Style

    Charles Uchenna Obi, Sylvester Chukwunonso Ekesiobi, Stephen Kelechi Dimnwobi, Emilia Mukosolu Mgbemena. Government Education Spending and Education Outcome in Nigeria. Int J Econ Finance Manag Sci. 2016;4(4):223-234. doi: 10.11648/j.ijefm.20160404.18

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  • @article{10.11648/j.ijefm.20160404.18,
      author = {Charles Uchenna Obi and Sylvester Chukwunonso Ekesiobi and Stephen Kelechi Dimnwobi and Emilia Mukosolu Mgbemena},
      title = {Government Education Spending and Education Outcome in Nigeria},
      journal = {International Journal of Economics, Finance and Management Sciences},
      volume = {4},
      number = {4},
      pages = {223-234},
      doi = {10.11648/j.ijefm.20160404.18},
      url = {https://doi.org/10.11648/j.ijefm.20160404.18},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.ijefm.20160404.18},
      abstract = {Expenditure on education is regarded as investment in human capital because it helps in skill formation and thus raises the ability to work and produce more. Government education spending is of great importance to national development and plays a critical role in promoting growth and knowledge deepening. This paper examines government education spending and education outcome in Nigeria from 1970 – 2013. Employing Augmented Dickey Fuller (ADF) unit root test and Ordinary Least Square (OLS) technique, the study revealed that public education spending has a positive and significant effect on education outcome in Nigeria. Public health expenditure and urban population growth were also found to have positive effects on education outcome but are non significant in determining education outcome. The study recommends among other things, that government should spend more on education which needs to be targeted for the desired effects to be realized. Again government should monitor spending given the history of corruption and embezzlement of public funds in Nigeria.},
     year = {2016}
    }
    

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    T1  - Government Education Spending and Education Outcome in Nigeria
    AU  - Charles Uchenna Obi
    AU  - Sylvester Chukwunonso Ekesiobi
    AU  - Stephen Kelechi Dimnwobi
    AU  - Emilia Mukosolu Mgbemena
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    UR  - https://doi.org/10.11648/j.ijefm.20160404.18
    AB  - Expenditure on education is regarded as investment in human capital because it helps in skill formation and thus raises the ability to work and produce more. Government education spending is of great importance to national development and plays a critical role in promoting growth and knowledge deepening. This paper examines government education spending and education outcome in Nigeria from 1970 – 2013. Employing Augmented Dickey Fuller (ADF) unit root test and Ordinary Least Square (OLS) technique, the study revealed that public education spending has a positive and significant effect on education outcome in Nigeria. Public health expenditure and urban population growth were also found to have positive effects on education outcome but are non significant in determining education outcome. The study recommends among other things, that government should spend more on education which needs to be targeted for the desired effects to be realized. Again government should monitor spending given the history of corruption and embezzlement of public funds in Nigeria.
    VL  - 4
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