ABSTRACT

This research work studied investment on human capital and its impact on Nigeria economic growth between 1981-2014. It bothers on determining how human capital and its impact can help in the development of Nigeria economy. The researcher was motivated to choose this topic in order to evaluate how investment on human capital impact on Nigerian economic growth. In this research work the researcher made use of secondary source of data. Gross domestic product was regressed on capital expenditure on education, recurrent expenditure on education and government expenditure on education. The researcher employed the popularly known ordinary least square (OLS) modeling technique to test the overall significance of the model and to determine its effect on the economy. Stationarity of the variables were tested using unit root. The research showed there is a positive relationship between human capital development and economic growth in Nigeria. Based on the empirical research recommendation where made on how best the government can improve in its activities on human capital development to boost economic growth in Nigeria.