HUMAN CAPITAL INVESTMENT AND NIGERIA ECONOMIC DEVELOPMENT (A STUDY OF OSHILIMIL SOUTH LOCAL GOVERNMENT AREA, DELTA STATE
Abstract
This research entitled "Human capital investment and Nigeria economic development (a study of Oshilimil South Local Government Area, Delta State" was undertaken to verify the relationship between human capital investment and growth of the Nigeria economy. The research questions was on the link between scholarship, bursary award, student loan and education grants (forms of human capital investment) and economic development. The population of this study consist of the executive and legislative members of Oshilimil South Local Government council, Delta State and the entire council staff which was given as 300. Data was generated with the use of questionnaire which was structured and were analyzed using tables and simple percentage calculations, while chi-square was used to test the hypothesis formulated for the study. It was found that scholarship, bursary award, student loan and education grants which are forms of human capital investment positively affects economic development Oshilimil South Local Government Area, Delta State which the outcome of the hypothesis tested using chi-square statistical tool validated. It was recommended that federal government needs to increase her finding on education and human capital development as well as rise the quality of education in the country if the Nigerian economy is to realize its objective as being one of the leading economy in the world
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