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ABSTRACT
This study attempts to empirically assess the impact of defence spending on human capital development in Nigeria for the sample period 1981- 2019. To do this, a co-integration technique, and Error Correction Model (ECM) were utilized. In addition, granger causality analysis and variance decomposition analysis were employed. Public education expenditure as a proxy for human capital development was regressed on defence expenditure, total public health expenditure, total federal government expenditure and real gross domestic product. The analysis of the relationship between defence spending and human capital development in Nigeria was essentially positive in all the statistical techniques employed. Arising from the findings, this study recommends amongst others that defence expenditure should be targeted mostly on areas that help to improve the technical competence of men of the force and on other aspects of the military, especially the civilian component as this will create a positive spillover effect to the private sector, stimulate aggregate demand and thus investment This should be complemented with greater public investment in the area of improved access to qualitative education, not only at the basic education level but also at the tertiary education as well as planning properly in respect to funding for the Education and Health sectors.
