IDEAS home Printed from https://ideas.repec.org/a/ris/joibac/0097.html
   My bibliography  Save this article

Investment in Education for The Nigerian Economic Development

Author

Listed:
  • ADETULA DORCAS

    (Department of Accounting, Covenant University, Canaan land, Nigeria)

  • ADESINA, KEHINDE

    (Department of Accounting, Covenant University, Canaan land, Nigeria)

  • OWOLABI, FOLASHADE

    (Department of Accounting, Covenant University, Canaan land, Nigeria)

  • OJEKA STEPHEN

    (Department of Accounting, Covenant University, Canaan land, Nigeria)

Abstract

This study examines investment in education for economic development of Nigeria. Education has been recognized globally as a veritable and strategic venture pivotal to economic transformation of any nation. The study made use of secondary data sourced from Ministry of Education, National Universities Commission (NUC) and Tertiary Education Trust Fund (TETFUND) and an Ordinary Least Square (OLS) regression method was used to analyze the data obtained to show the relationship between enrolments and funding. The result shows that the education sector contribute significantly to economic development as measured by the Gross Domestic Product although the sector is still underfunded most especially the basic and senior secondary levels in view of geometric increase in yearly enrollments and poor infrastructural facilities. The study recommends that the government at all levels should invest more in education and also collaborate with private sector through Private Public Partnership (PPP) initiative to accumulate the much needed funding that will pave way for technological development. It will also guide against brain-drains and significantly alleviate overdependence on aids from the developed nations and educational organizations.

Suggested Citation

  • Adetula Dorcas & Adesina, Kehinde & Owolabi, Folashade & Ojeka Stephen, 2017. "Investment in Education for The Nigerian Economic Development," Journal of Internet Banking and Commerce, Nahum Goldmann, vol. 22(01), pages 01-15.
    • Handle: RePEc:ris:joibac:0097
    as

    Download full text from publisher

    File URL: https://www.icommercecentral.com/open-access/investment-in-education-for-the-nigerian-economic-development.php?aid=85639
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:joibac:0097. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dale Pinto (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.