ECONOMIC RECESSION AND HUMAN CAPITAL DEVELOPMENT IN NIGERIA (A CASE STUDY OF BABCOOK UNIVERSITY AND SOLARIN UNIVERSITY OGUN STATE)
ABSTRACT
Global economic recession has micro and macro erects on all sectors of a country’s economy. The study examined economic recession and human capital
development in Nigeria. The training and development of university lecturers in Ogun East Central District were related to the human capital development.
The study adopted the research survey design approach and the simple random sampling technique was used to select 100 lecturers in different positions
and departments in Babcock University, Ilishan and Tai-Solarin University of Education, Ijebu Ode. Data were sourced through the use of a well-structured
questionnaire and the data collected were analyzed using descriptive statistics approach and chi-square. Findings from the study revealed that global
economic recession has significant impact on human capital development of lecturers in terms of inability to receive sponsorship for local and international
conferences, inability to attend seminars, workshops, symposiums and other training and development programs. Based on this, the study suggested that
government and major stakeholders in tertiary education should adequately fund tertiary institutions. Tertiary Education Trust Fund (TETFUND) should be
disbursed promptly to deserving institutions. There should be easy accessibility to fund by academic stain need of it without politics or bureaucracy.
