The Capital And Recurrent Expenditure On Human Capital...

Juxtaposing the trends in Nigeria’s Capital and Recurrent Expenditures on Human Capital Development (1981-2010) By Alutu, Uzochukwu Uchechukwu (B.Sc) Email: uzlutus@yahoo.com Izilein, Elizabeth I. (Mrs) Ph.D Department of Economics and Statistics, University of Benin, Benin City Email: eiokojie@gmail.com, elizabeth.izilein@uniben.edu, eiokojie@yahoo.com ABSTRACT This paper seeks to compare and contrast various trends in the capital and recurrent expenditure on human capital development in Nigeria between the years 1981 and 2010. The data used for the study are from secondary sources: Central Bank of Nigeria (CBN) publications, Statistical Bulletins and CBN Annual Reports (various issues). The paper employed a descriptive statistical analysis of trends of government capital and recurrent expenditure on human capital development as well as economic growth using data on Real Gross Domestic Product (RGDP) as proxy. The findings reveal that government places higher premium on its recurrent expenditure compared to capital expenditure in the education and health sectors. The study recommends government increased funding to the education and health sectors by allocating more to capital expenditures than to recurrent expenditures in order to improve the quality of facilities, materials and equipment in the education and health sectors adequa tely, and enhance their role in the growth process. Key Words: Human Capital Development, Capital and Recurrent Expenditure,Show MoreRelatedThe Impact Of Government Expenditure On Economic Growth1513 Words   |  7 Pagesiteratures on the Impact of Government Expenditure on Economic Growth Thomas Stratmann and Gabriel Okolski (2010) raised questions on the decision of U.S government for spending distinctly when the financial crisis happened in the country. 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