GOVERNMENT EXPENDITURE ON EDUCATION AND ECONOMIC GROWTH IN NIGERIA

Abstract: This study examined the effect of Government Expenditure on Education on economic growth of Nigeria. Data for the analysis were extracted from annual series of the selected relevant macroeconomic variables from 1999 to 2020. Data for government expenditure on education were used as public expenditure variable while real gross domestic product was used as economic growth variable. Regression analysis was used to test the hypothesis, the findings of this study upholds that there is a positive and significant effect between government expenditure on education and RGDP at 5% level of significance. Based on finding of the study, the researchers recommended that there should be an increase in the reallocation of public spending towards education in order to raise income in the long run which would cause an improvement in the well being of the citizenry. Keywords: Government Expenditure on Education, GDP and Nigeria. Title: GOVERNMENT EXPENDITURE ON EDUCATION AND ECONOMIC GROWTH IN NIGERIA Author: Okerekeoti, Chinedu U. International Journal of Recent Research in Commerce Economics and Management (IJRRCEM) ISSN 2349-7807 Vol. 9, Issue 2, April 2022 - June 2022 Page No: 126-134 Paper Publications Website: www.paperpublications.org Published Date: 17-June-2022 DOI: https://doi.org/10.5281/zenodo.6656411 Paper Download Link (Source) https://www.paperpublications.org/upload/book/GOVERNMENT%20EXPENDITURE-17062022-3.pdfInternational Journal of Recent Research in Commerce Economics and Management (IJRRCEM), ISSN 2349-7807, Paper Publications, Website: www.paperpublications.or