Education Funding and Human Capital Development in Nigeria

Olure-Bank Adeyinka Michael; Olayiwola Wumi

doi:doi:10.11648/j.jwer.20170601.12

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Education Funding and Human Capital Development in Nigeria

Olure-Bank Adeyinka Michael, Olayiwola Wumi

Published in Journal of World Economic Research (Volume 6, Issue 1)

Received: 6 October 2016 Accepted: 26 October 2016 Published: 2 March 2017

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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.

Published in	Journal of World Economic Research (Volume 6, Issue 1)
DOI	10.11648/j.jwer.20170601.12
Page(s)	5-16
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

Funding, Education, Sustainable, Development, Challenges, Economic Growth

References

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[5]	Akindele, S. T. and K. Olaopa, (2002), “Fiscal federalism and local government finance in Nigeria: an examination of revenue, rights and fiscal jurisdiction”, in Omotoso, F. (Ed.), Contemporary issues in public administration, Bolabay Publications, Lagos, pp. 46-64.
[6]	Akpan, E. O. (2011), “Fiscal Decentralization and Social Outcomes in Nigeria”. European Journal of Business and Management, Vol. 2 No. 4, pp. 167-183.
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[8]	Adaralegbe A (1990). Free education in a depressed economy and widespread unemployment. New perspectives in Nigeria education Kayode Ajayi and Taiwo Ajayi (Eds.). Ibadan: Vantage Publishers. Pp. 166-167.
[9]	Adesua A (1981). “Education Finance in Nigeria” in Introduction to Educational Planning. Adesina S. (ed) Ile-Ife, University of Ife Press. Adeyemi TO (2011). Financing of Education in Nigeria: An analytical review. Am. J. Soc. and Manage Sci. 2(3):295-303. Retrieved on 06/05/2013 from http://www.scihub.org/AJSMS.
[10]	Anya OA (2001). “The dreams, vision and myth of Nigerian reality”. The Guardian Online, June 19, 2001. Retrieved on 10/05/2013 from http://www.gamji.com/article1000/NEWS1625.htm
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[12]	Central Bank of Nigeria (2013). Statistical Bulletin and Information. Retrieved June 6, 2013 fromhttp://www.nigeria.gov.ng
[13]	Charles H (2002). “MPs should work on better education funding”. Lagos: Vanguard Education and Manpower, 19 (5167), Thursday, December 19, P. 23.
[14]	Civil Society Coalition for Poverty Eradication (2005). Liberalisation, Deregulation and Privatisation of Education Services in Nigeria. Abuja, CISCOPE.
[15]	Dike V (2002). The State of Education in Nigeria and the Health of the Nation. Africa Economic Analysis. Tuesday, 05 February, 2002. Retrieved on 10/05/2013 from http://www.afbis.com/analysis/education10204234737.ht
[16]	Education for All – EFA – Global Monitoring Report (2005). Education for All: The Quality Imperative. France, ENESCO. Retrieved on 08/05/2013 from http://www.unesco.org/education/gmr2008/press/Full- report.pdf
[17]	Fanfuwa AB (2003). Nigerian Education: Yesteryears, Now and the Future. In Abayomi F., Atilade D and Matswamgbe M. (Eds.) (2006). State of Education in Nigeria: What Hope for the Future? Lagos, Ajasin Foundation. Retrieved on 10/05/2013 from www.ijge.net/ojs/index.php/ijge/article/download/140/178
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[22]	Ibara EC (2011). Funding Higher Education in a Dwindling, Fiscal Resource Allocation: The Nigerian Perspective. Journal of Sustainable Development in Africa. 13(3), 1–9. Retrieved on 09/05/2013 from http://www.jsdafrica.com/Jsda/V13No3_Summer2011_A/PDF/Funding%20higher%20Education%20in%20a%20Dwindling%20Fiscal%2 0Resource%20Allocation.pdf
[23]	Igbuzor O (2006). Financing Quality Basic Education in Nigeria. A keynote address delivered at a roundtable organized by the Commonwealth Education Form (CEF) at Rockview Hotel Abuja, 5th September, 2006. Retrieved on 10/05/2013 from www.dawodu.com/igbuzor17.htm
[24]	Kpolovie, P. J (2012). Education reforms without evaluation designs: Nigeria at risk. Owerri: Spring Field Publishers Ltd. Pp. 1-360.
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Olure-Bank Adeyinka Michael, Olayiwola Wumi. (2017). Education Funding and Human Capital Development in Nigeria. Journal of World Economic Research, 6(1), 5-16. https://doi.org/10.11648/j.jwer.20170601.12

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ACS Style

Olure-Bank Adeyinka Michael; Olayiwola Wumi. Education Funding and Human Capital Development in Nigeria. J. World Econ. Res. 2017, 6(1), 5-16. doi: 10.11648/j.jwer.20170601.12

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AMA Style

Olure-Bank Adeyinka Michael, Olayiwola Wumi. Education Funding and Human Capital Development in Nigeria. J World Econ Res. 2017;6(1):5-16. doi: 10.11648/j.jwer.20170601.12

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@article{10.11648/j.jwer.20170601.12,
  author = {Olure-Bank Adeyinka Michael and Olayiwola Wumi},
  title = {Education Funding and Human Capital Development in Nigeria},
  journal = {Journal of World Economic Research},
  volume = {6},
  number = {1},
  pages = {5-16},
  doi = {10.11648/j.jwer.20170601.12},
  url = {https://doi.org/10.11648/j.jwer.20170601.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20170601.12},
  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.},
 year = {2017}
}

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TY  - JOUR
T1  - Education Funding and Human Capital Development in Nigeria
AU  - Olure-Bank Adeyinka Michael
AU  - Olayiwola Wumi
Y1  - 2017/03/02
PY  - 2017
N1  - https://doi.org/10.11648/j.jwer.20170601.12
DO  - 10.11648/j.jwer.20170601.12
T2  - Journal of World Economic Research
JF  - Journal of World Economic Research
JO  - Journal of World Economic Research
SP  - 5
EP  - 16
PB  - Science Publishing Group
SN  - 2328-7748
UR  - https://doi.org/10.11648/j.jwer.20170601.12
AB  - 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.
VL  - 6
IS  - 1
ER  -

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Author Information

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

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APA Style

Olure-Bank Adeyinka Michael, Olayiwola Wumi. (2017). Education Funding and Human Capital Development in Nigeria. Journal of World Economic Research, 6(1), 5-16. https://doi.org/10.11648/j.jwer.20170601.12

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ACS Style

Olure-Bank Adeyinka Michael; Olayiwola Wumi. Education Funding and Human Capital Development in Nigeria. J. World Econ. Res. 2017, 6(1), 5-16. doi: 10.11648/j.jwer.20170601.12

Copy | Download

AMA Style

Olure-Bank Adeyinka Michael, Olayiwola Wumi. Education Funding and Human Capital Development in Nigeria. J World Econ Res. 2017;6(1):5-16. doi: 10.11648/j.jwer.20170601.12

Copy | Download

@article{10.11648/j.jwer.20170601.12,
  author = {Olure-Bank Adeyinka Michael and Olayiwola Wumi},
  title = {Education Funding and Human Capital Development in Nigeria},
  journal = {Journal of World Economic Research},
  volume = {6},
  number = {1},
  pages = {5-16},
  doi = {10.11648/j.jwer.20170601.12},
  url = {https://doi.org/10.11648/j.jwer.20170601.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20170601.12},
  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.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Education Funding and Human Capital Development in Nigeria
AU  - Olure-Bank Adeyinka Michael
AU  - Olayiwola Wumi
Y1  - 2017/03/02
PY  - 2017
N1  - https://doi.org/10.11648/j.jwer.20170601.12
DO  - 10.11648/j.jwer.20170601.12
T2  - Journal of World Economic Research
JF  - Journal of World Economic Research
JO  - Journal of World Economic Research
SP  - 5
EP  - 16
PB  - Science Publishing Group
SN  - 2328-7748
UR  - https://doi.org/10.11648/j.jwer.20170601.12
AB  - 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.
VL  - 6
IS  - 1
ER  -

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