Journal of Education in Developing Areas
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Education and Economic Development in Nigeria

Okechuku Onuchuku, Dr Jebbin M. Felix

Abstract


Education is a catalyst that accelerate the rate of economic development. This it does through developing the skills and capabilities of the people, making them to be more productive and environmentally conscious. This paper examined the role of education in economic development of Nigeria. Education is proxied by enrolment rate in primary, secondary and tertiary institutions, while economic development is proxied by misery index. The stationary test result showed that the variables were integrated of mix order i(1) and i(0), hence we adopted the autoregressive distributed lag technique. The finding showed that secondary school enrolment and tertiary education contributed to economic development in Nigeria because they have negative effect on misery index (as the level of misery of the people decreases, improvement in welfare is experience). Thus, the paper recommended that government should offer free compulsory education from primary through secondary, award scholarship to the less privilege and re-introduce bursary payment in all tertiary institutions.

Keywords


Education;Economic Development

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