IMPACT OF GOVERNMENT EXPENDITURE ON STANDARD OF EDUCATION

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IMPACT OF GOVERNMENT EXPENDITURE ON STANDARD OF EDUCATION (EDUCATION PROJECT TOPICS AND MATERIALS)

CHAPTER ONE

1.0       INTRODUCTION AND BACKGROUND OF THE STUDY

Nigeria has over the years substantially to improve the educational attainment of the labor force and to raise productivity but yet still faces declining real output and slow economic growth. The paper focus on the impact of government expenditure on standard of education on the economic growth as a means of achieving the desired socio economic change needed in Nigeria or in each states. The study uses time series data from 1981 to 2012. The Johan-series co-integration analysis and ordinary least square (OLS) econometric techniques were used to analyses the relationship between gross domestic product (GDP) and recurrent education expenditure.

Findings indicate that though a positive relationship subsists between education expenditure and economic growth, but a long run relationship does not exist over the period under the study. The study observed that this puzzle is attributed to labor market discontinuities as well as leakages in the Nigeria society such brain drain, among others. In conclusion, the above study has shown that educational sector has not been productive as expected. This is evidenced by the poor quality of graduates, increasing cases of cultism in schools and high rates of drop outs. The paper further suggests the improvement of the education system through efficient use of public resources through good governance, accountability and transparency. Also, efforts should be made by policy makers to come up with polices that would check, preserve and protect the plight of educational capital to other countries

1.1       INTRODUCTION

It is well and widely accepted that infrastructure is a key to economy growth. Infrastructural contributes to economic growth of the schools by increasing the teachers and providing facilities for them, low unit cost of production and enhances the quality of life. Government expenditure improves the standard of education and can also contribute to sustainable growth in enhancing human capital, through improved access to schools. According to the United Nation (2006),under the right condition, infrastructural development can play a major role in promoting the standard of education help to reduce poor quality of students.Against this background, it is importance to review the changes that have taken place in the educational sector of Ogun state and the composition of public expenditure and also to determine if they are responsible for the growth.

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IMPACT OF GOVERNMENT EXPENDITURE ON STANDARD OF EDUCATION (EDUCATION PROJECT TOPICS AND MATERIALS)

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