IMPACT OF HIGHER EDUCATION ON NIGERIA ECONOMIC GROWTH

Abstract

This research focuses on the impact of higher education on Nigeria
economic growth. The study uses secondary data for the period of
1990 to 2018 for its analysis. The specific objectives of the study
are to examine the impact of higher education on Nigeria economic
growth; and to evaluate the relationship between higher education
and Nigeria economic growth using Autoregressive Distributed Lags
(ARDL) method. The results show that all levels of education,
including higher education, have positive and statistically
significant effect on the growth rate of per capita income in
Nigeria. This implies that conscious and positive investment
needed to be encouraged. Also, the result differs from previous
research submission that finds no significant relationship between
higher education and income growth. Therefore, the study
suggested that conducive legal, stable infrastructure, and reliable
security framework for achieving sustainable improvement in the
nation higher educational system has to be encouraged in Nigeria.