Volume 6, Issue 1, February 2017, Page: 5-16
Education Funding and Human Capital Development in Nigeria
Olure-Bank Adeyinka Michael, Department of Economic, Faculty of Social Sciences, Nigeria Defence Academy, Kaduna, Nigeria
Olayiwola Wumi, Economic Policy Analysis Unit (EPAU), Macroeconomic Policy Department, ECOWAS Commission, Abuja, Nigeria
Received: Oct. 6, 2016;       Accepted: Oct. 26, 2016;       Published: Mar. 2, 2017
DOI: 10.11648/j.jwer.20170601.12      View  1836      Downloads  140
Abstract
The paper establishes how the Nigeria fiscal federalism impact education funding and human capital development indicators, and provides long-time policy proposal to raise long-run economic growth through fiscal federalism. Economic theories that link government income, expenditure, human capital and economic development exist. Important is the relationship between tiers of government in terms of revenue – sharing and expenditure for economic development. Recommendations put forward are, the need to review the expenditure assignments as well as the fiscal jurisdiction of the three tiers of government. Each unit must justify whatever it is getting from the national purse.
Keywords
Funding, Education, Sustainable, Development, Challenges, Economic Growth
To cite this article
Olure-Bank Adeyinka Michael, Olayiwola Wumi, Education Funding and Human Capital Development in Nigeria, Journal of World Economic Research. Vol. 6, No. 1, 2017, pp. 5-16. doi: 10.11648/j.jwer.20170601.12
Copyright
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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