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Human Capital Development as a Catalyst for Economic Growth and Development in Nigeria (1986 - 2016)

Human Capital Development as a Catalyst for Economic Growth and Development in Nigeria (1986 - 2016)

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DEDICATION

This research material, titled “Human Capital Development as a Catalyst for Economic Growth and Development in Nigeria (1986 - 2016)” is dedicated to God for His boundless grace and guidance. It is also a tribute to all computer enthusiasts whose contributions made my research journey smoother and enriched my documentation process, making the experience truly fulfilling.



ACKNOWLEDGEMENT

I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Industrial Relations and Personnel Management (IRPM) for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on Human Capital Development as a Catalyst for Economic Growth and Development in Nigeria (1986 - 2016) provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.



TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies
    • 2.5 Research Gaps
    • 2.6 Summary of Literature Review

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”


    ABSTRACT

    The study examines Human capital development and economic growth in Nigeria. A model was specified and data were collected from the period of 1986-2016. The method used in this research work is the error correction model (ECM) and variables are: real gross domestic product (RGDP) as the dependent variable while human capital development (LNHMC), labour force productivity (LNLFP), money supply (MS), and population (POP) are the independent variables and while only labour force productivity (LNLFP) was significant, human capital development (LNHMC), money supply (MS) and population (POP) were all insignificant. From the ECM result, the following findings were made.

    The estimate coefficients which are -0.058166 {LNHMC} shows that a 1 percent increase in human capital development will cause 5.9 percent decrease in GDP, 1.168297 {LNLFP} shows that a 1 percent increase in labour force productivity will cause an 116.8 per cent increase in GDP, 0.001167 {MS} shows that a 1 percent increase in money supply will cause 0.1 percent increase in GDP. 0.217250 {POP} shows that a 1 percent increase in population will cause 21.7 percent increase in GDP. I recommend that there should be policies


    Human Capital Development as a Catalyst for Economic Growth and Development in Nigeria (1986 - 2016)

    CHAPTER ONE

    1.1 Introduction

    … As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the Aim and Objectives of the study. Others are Significance of the study, Scope of work, Research hypothesis and questions, Limitation of the study and Definition of technical terms.…

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the conceputal review, theoretical framework, the review of related literature …

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