ABSTRACT

This study investigates the impact of human capital on economic growth in Nigeria. in doing this, time series data from 1981 to 2017 were fitted into Cobb-Douglas production function The study examined human capital investment as a catalyst for sustainable economic environment in Nigeria. The broad objective of the study is to analyze the impact of human capital investment on the Nigerian economy from 1981 to2017. The data used for the study were sourced from the central bank statistical bulletin and national bureau of Statistics. Ordinary Least Squares (OLS) techniques were used to analyze the data. The findings of the study reveal that this study investigate there is a positive relationship between government expenditure on health and real gross domestic product and there also exist a positive relationship between education and the real gross domestic product. The study suggests that Nigerian policymakers should pay more attention to the health sector and increase its yearly budgetary allocationto it. Nevertheless the key to achieving best results lies not in ordinarily increasing particular budgetary allocation but rather in implementing a public expenditure and revenue and ensuring the usage of the allocated fund astransparently as possible.       

^{KEYWORDS: ECONOMICS DEVELOPMENT, HUMAN CAPITAL (GDP) GROSS DOMESTIC PRODUCT}