NIGERIA HUMAN CAPITAL DEVELOPMENT ON ECONOMIC GROWTH



STATEMENT OF THE PROBLEM
Over the years, government has neglected the serious decay in both infrastructure and human capital development and hence, the low productivity in the Nigeria economy for many decades.
          During the second development plan of Nigeria between 1970-1974, it was noted that the major constraint to the plan implementation was inadequate absorptive capacity due to shortage of skilled manpower.

         
-              Serious neglect of government in funding of education sector.
-              Political instability which cause ffrequent chages in education policies
-              Low measure of budgetary allocation to human resources development and its relative indices and
-              Low quality of education which is needed for human capital development.

RESEARCH QUESTION
It is against these backdrops that we pose the following questions.
1.       What is the pattern and trend of human capital development in Nigeria?
2.       What is the relationship between economic growth and human capital development in Nigeria?
3.       What is the growth rate of human capital development in Nigeria?

OBJECTIVE OF THE STUDY
          In order to justify further the critical importance given to the development of human capital in Nigeria, the main objective of this study is to test and find out the impact of human capital development on the economic growth of Nigeria. The specific objectives are:

a.    To examine the pattern and trend of human capital development in Nigeria.
b.    To estimate the relationship between economic growth and human capital development in Nigeria.
  
HYPOTHESIS OF THE STUDY
          this investigation will test the following propositions as denoted by the null (Ho) and alternative (Hi) hypothesis
i.        Ho: there is no positive relationship between economic growth and humn capital development in Nigeria.
Hi: there is positive relationship between economic growth and human capital development in Nigeria.       
ii.       Ho: human capital development through education and teaming has not significantly affect economic growth in Nigeria.
          Hi: human capital development through education and training has significantly affect economic growth in Nigeria.  

SIGNIFICANCE OF THE STUDY
          Impact of human capital development on the economic growth of Nigeria is very important with respect to:
The researcher embarking on the study serves not only as challenge to the academic pursuit of the researcher but also as a source of widening the educational horizon of the researcher.
The government and policy makers: will have an inspite on the relationship between human capital development and economic development
For future study and knowledge. The research work will serve as a stimulant to other thesis for other researchers.
  
 SCOPE OF THE STUDY
          The research work intends to examine the relationship between human capital development and economic growth. To show the ways through which human capital development can enhance economic growth in Nigeria.
          The research work also covers the problems and prospects of human capital development and economic growth as well. It uses a time series data from 1980 to 2008 covering a period of (29) years.
          The data for the study are reports from National Bureau of Statistic (NBS) and Central Bank of Nigeria (CBN) of various years.

LIMITATIONS OF THE STUDY
The following form a setback to the study:
a.      Time constraints: The time given for this research work is very short that the researcher cannot visits all the institution she intends visiting of proper research work.
b.           Financial constraints: money is another problem that stopped the researcher from getting all information intended for this work.
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