You have no items in your shopping cart.
ABSTRACT
The study examines the impact of federal expenditure on education in Nigeria on economic growth and development. The study adopts a multiple regression analysis with Error Correction Model. Further, this Study also employed Augmented Dickey Fuller (ADF) test for the unit root to ascertain if the data Series has a unit root in order to be stationary. The study also employed the use of Johansen Co-integration test so as to ascertain the long-run relationship between variables that were employed for this study. Federal Capital Expenditure is shown to be negatively related to the level of Gross Domestic Product in the long-run. Federal Recurrent expenditure on education is shown to be positively related to the level of Gross Domestic Product in the long-run. Federal Debt is shown to be positively related to Gross Domestic Product in the long-run. The summary of implications indicate poor level of audit and monitoring of disbursed educational funds stemming from mismanagement. Recommendations include proper audit and training, improving staff welfare to reduce frequent industrial actions.
