Human Capital Development and Economic Growth in Nigeria: An Empirical Examination

Abstract

The general goal of this article is to explore the influence of human capital development on Nigerian economic growth. Its goal was to investigate the link between human capital indices (education and health) and economic growth. The Johansen co-integration approach and Error correction model analysis were utilized in the study to estimate or determine the relationship between the variables involved in the investigation. According to the study's findings, there is a favorable long-run association between school enrollment, labor force participation, government spending on education and health, and economic growth. According to the study's conclusions, the government and policymakers should make concerted and sincere efforts to establish and enhance human potential through proper financing and to provide excellent education at all levels. In order to improve human capital development, the government should also dedicate more esources to the health sector.