ABSTRACT
This study inspected the connection between educational expenditure and financial economic
growth in Nigeria utilizing time series and secondary data from 1981 to 2018, sourced from
the Central Bank of Nigeria (CBN), and the World Bank. Significant measurable apparatuses
were utilized in investigating the connections between these factors. Stationarity attributes of
the factors were tested utilizing the Augmented Dickey Fuller (ADF) procedure on Eviews. The
relationships between educational expenditure, and economic growth were test through
Ordinary Least Square analysis and Granger Causality test. The study had two hypothesis and
its population was Nigeria. Several similar literatures were reviewed to aid in the analysis of
our data. The discoveries show that educational expenditure has no causal connection with
economic growth. The outcome additionally demonstrated that educational expenditure has a
negative and inconsequential relationship with economic growth. The examination credited
these discoveries to the way that educational expenditure during the time of study was twisted
by superfluous factors, for example, strategy inefficiencies, poor financing, and funds
misappropriation, and so forth. The investigation suggests that in accordance with global
norms, the educational sector of Nigeria requires an institutional change as far as strategy
detailing, execution and tracking finances. Likewise, need must be given to other genuine
causal elements to economic growth.
DIVINE, N (2021). Impact Of Educational Expenditure On Economic Growth In Nigeria. Afribary. Retrieved from https://afribary.com/works/impact-of-educational-expenditure-on-economic-growth-in-nigeria
DIVINE, NNANNA "Impact Of Educational Expenditure On Economic Growth In Nigeria" Afribary. Afribary, 07 Apr. 2021, https://afribary.com/works/impact-of-educational-expenditure-on-economic-growth-in-nigeria. Accessed 25 Nov. 2024.
DIVINE, NNANNA . "Impact Of Educational Expenditure On Economic Growth In Nigeria". Afribary, Afribary, 07 Apr. 2021. Web. 25 Nov. 2024. < https://afribary.com/works/impact-of-educational-expenditure-on-economic-growth-in-nigeria >.
DIVINE, NNANNA . "Impact Of Educational Expenditure On Economic Growth In Nigeria" Afribary (2021). Accessed November 25, 2024. https://afribary.com/works/impact-of-educational-expenditure-on-economic-growth-in-nigeria