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.