Authors :
Wahab Afolabi Azeez
Volume/Issue :
Volume 9 - 2024, Issue 3 - March
Google Scholar :
https://tinyurl.com/63xvm5x5
Scribd :
https://tinyurl.com/3x2prc3x
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAR235
Abstract :
The research investigates the factors
influencing human capital development (HCD) in
Nigeria. Historically, the Nigerian government has
overlooked the significant deterioration in both human
capital development and infrastructure, which leads to
decreased productivity in the country's economy. The
primary goal of this study is to explore the factors
influencing human capital development in Nigeria. The
study investigated the patterns and trends of human
capital development in Nigeria over a span of 35 years,
encompassing the period from 1988 to 2022. Top of
Form; examined the factors that determine human
capital development in Nigeria. The time series analysis
was used to investigate the effect of fertility rate, gross
domestic product, inflation rate, human development
index. The data utilized in this study were sourced from
the World Bank database (WDI) the Central Bank of
Nigeria (CBN). The study utilized descriptive
measurements, which included mean, median, skewness
and kurtosis; just as inferential statistics which included
correlation analysis, unit root test, Autoregressive
distributed lag model (ADL) and error correction
estimates as the estimation tools. The study found proof
of short run connection among the variables. The study
further found that gross domestic product exhibits a
positive effect on the Human Development Index,
although this effect is found to be statistically
insignificant. (t = 1.32; p = 0.206), fertility rate
demonstrates a negative and statistically significant
effect on the Human Development Index. (t = -1.66; p =
0.002), inflation rate has positive and significant effect on
human development index (t= -0.8; p= 0.0215). This,
accordingly, suggests that fertility rate and inflation rate
contribute more significantly to human capital
development in Nigeria. From the study it is concluded
that the fertility rate and inflation rate are the variable
that mostly determines human capital development in
Nigeria. From the findings, the study suggests enhancing
the quality of healthcare services through increased
government expenditure in the health sector in other to
enhance the quality of human development.
Keywords :
Fertility, Gross Domestic Product, Inflation, Inferential Statistics and Human Development Index (HDI).
The research investigates the factors
influencing human capital development (HCD) in
Nigeria. Historically, the Nigerian government has
overlooked the significant deterioration in both human
capital development and infrastructure, which leads to
decreased productivity in the country's economy. The
primary goal of this study is to explore the factors
influencing human capital development in Nigeria. The
study investigated the patterns and trends of human
capital development in Nigeria over a span of 35 years,
encompassing the period from 1988 to 2022. Top of
Form; examined the factors that determine human
capital development in Nigeria. The time series analysis
was used to investigate the effect of fertility rate, gross
domestic product, inflation rate, human development
index. The data utilized in this study were sourced from
the World Bank database (WDI) the Central Bank of
Nigeria (CBN). The study utilized descriptive
measurements, which included mean, median, skewness
and kurtosis; just as inferential statistics which included
correlation analysis, unit root test, Autoregressive
distributed lag model (ADL) and error correction
estimates as the estimation tools. The study found proof
of short run connection among the variables. The study
further found that gross domestic product exhibits a
positive effect on the Human Development Index,
although this effect is found to be statistically
insignificant. (t = 1.32; p = 0.206), fertility rate
demonstrates a negative and statistically significant
effect on the Human Development Index. (t = -1.66; p =
0.002), inflation rate has positive and significant effect on
human development index (t= -0.8; p= 0.0215). This,
accordingly, suggests that fertility rate and inflation rate
contribute more significantly to human capital
development in Nigeria. From the study it is concluded
that the fertility rate and inflation rate are the variable
that mostly determines human capital development in
Nigeria. From the findings, the study suggests enhancing
the quality of healthcare services through increased
government expenditure in the health sector in other to
enhance the quality of human development.
Keywords :
Fertility, Gross Domestic Product, Inflation, Inferential Statistics and Human Development Index (HDI).
