Government Education Expenditure and Economic Growth in Nigeria

This study examines the effect of government expenditure in education in terms of recurrent and capital expenditure on economic growth in Nigeria. The study makes use of ex-post facto research design. The study makes use of secondary data to achieve the set out objectives highlighted. Data was extracted from the Bulletin of CBN and NBS which covers the period of thirty four years from 1986 to 2019. Ordinary Least Squares Method of Regression (OLS) was used and found out that, government recurrent expenditure in education is positively related to economic growth of Nigeria with statistical significance. Government capital expenditure in education also is positively related to economic growth of Nigeria with statistical significance. The study concludes that, government expenditure in education is positive and significantly related to economic growth. The study recommends among others that, Nigeria government should make efforts towards ensuring that, salaries, wages, bonuses, allowances and others recurrent benefits are increased with a view to improving the growth of the Nigerian economy by making the productive sector works. This is to say that, when sallies and allowances are increased, the increased money is usually used in active economic activities of the country.