The study examine impact of education in thedevelopment of the Nigerian economy, the study has the following objectives,To ascertain whether education impacts on the development of Nigerian economy significantly, To propel reforms and transformation where necessary in the educational sector, To give maximum attention to the educational sector by Nigerian governments.
Concerning methodology for this study, questionnaires and interview methodsare use for data collection.The researcher adopted the convenient sampling technique in selecting 200 students cutting across various faculties of the university from the entire population. The collected data will be coded, tabulated, and analyzed according to the research question and hypothesis which will enable the researcher to clearly represent true data characteristics and findings with a great deal of accuracy. In order to analyze the data collected effectively and efficiently for easy management and accuracy, the simple percentage method was the analytical tools used for this research project and a sample size of two hundred (200) will be represented by 100% for easy analysis of the responses. Also correlation as a statistical analytical technique is used in testing of hypothesis so as to predict what the relationship between two variables should be. It is used in drawing and reaching conclusion by collecting the observed values from the questionnaire administered to respondents, testing the degree of freedom and carrying out a decision in determining the critical value of the hypothesis.
The study has the following findings; Education significantly impacts on the development of Nigerian economy, More education increases the development of Nigerian economy, Illiteracy has contributed to the under development of Nigerian economy, Educational development should be encouraged across all Nigerian strata, Education is essential for the development of any economy
TABLE OF CONTENTS
Title Page - - - - - - - - - i
Approval Page - - - - - - - - ii
Declaration - - - - - - - - iii
Dedication - - - - - - - - - iv
Acknowledgement - - - - - - - v
Abstract - - - - - - - - - vi
Table of Contents - - - - - - - vii
CHAPTER ONE – INTRODUCTION
1.1 Background of the Study - - - - -
1.2 Statement of General Problem - - - -
1.3 Objective of the Study - - - - - -
1.4 Research Questions - - - - - -
1.5 Hypothesis - - - - - - - - -
1.6 Significance of the Study - - - - -
1.7 Scope of the Study - - - - - -
1.8 Definition of Terms - - - - - -
CHAPTER TWO – REVIEW OF RELATED LITERATURE
2.1 Introduction - - - - - - -
- Theoretical Framework - - - - -
- Education in Nigeria: An Overview - - -
2.2.4RELATIONSHIP BETWEEN EDUCATION AND ECONOMIC DEVELOPMENT - - - - - -
2.5 Empirical Review - - - -
CHAPTER THREE – RESEARCH METHODOLOGY
3.1 Introduction - - - - - - - 32
3.2 Research Design - - - - - - 32
3.3 Area of the Study - - - - - - 32
3.4 Population of Study - - - - - - 33
3.5 Sample size and Sampling Techniques - - - 33
3.6 Instrument for Data Collection - - - - 33
3.7 Validity of the Instrument - - - - - 33
3.8 Reliability of the Instrument - - - - 34
3.9 Method of Data Collection - - - - - 34
3.10 Method of Data Analysis - - - - - 34
CHAPTER FOUR – DATA PRESENTATION AND ANALYSIS
4.0 Introduction - - - - - - - 36
4.1 Data Presentation and Analysis - - - - 36
4.2 Characteristics of the Respondents - - - 36
4.3 Data Analysis - - - - - - - 39
4.4 Testing Hypothesis - - - - - - 46
4.5 Summary of Findings - - - - - - 51
4.6 Discussion of Findings - - - - - 52
CHAPTER FIVE – SUMMARY, CONCLUSION AND RECOMMENDATION
5.0 Introduction - - - - - - - 54
5.1 Summary - - - - - - - - 54
5.2 Conclusion - - - - - - - - 57
5.3 Recommendations - - - - - - 58
References - - - - - - - - 61
Appendix - - - - - - - - 62
- Background of the study
Education is an age long phenomenon in all societies although it may take various forms from one society to another. In Nigeria two forms of education were in existence before the advent of colonialism. They were indigenous education and Islamic education. Traditional education as was practiced in the southern and some parts of the middle belt Nigeria, consisted essentially of general but informal training in character, norms, agriculture, fishing intellectual and other ways of life as approved by society. Islamic education on the other hand was practiced mainly in Northern part of Nigeria. It is based on the Quran. Both forms of education preceded the Western education which was introduced to Nigeria in the 19th century by the European Christian missionaries. The advent of colonialism brought about formal education in Nigeria. The colonialists had to organise the training of the indigenous people to understand the Queen’s language. The Christian missionaries organised schools and trained Nigerians the art of reading and writing. The initial persons that were trained in the communities became the first indigenous persons to be employed by the colonial government as interpreters, clerks and teachers. It did not take long before the benefits of formal western education became manifest in Nigeria. The regional governments of independent Nigeria expanded educational opportunities, building more schools and providing grant-in-aid to missionary schools in their respective regions especially in the southern regions. Expanded educational facilities were seen as the panacea to the manpower needs and overall development in post colonial Nigeria. The role of human capital formation in economic development has long been recognized in the literature. According to Harbison (1973, p.3), “human beings are the active agents who accumulate capital, exploit natural resources, build social, economic and political organisations and carry forward national development. Clearly, a country which is unable to develop the skills and knowledge of its people and utilise them effectively in the national economy will be unable to develop anything else”. Several other theoretical and empirical studies have found a positive correlation between human capital development and economic growth ( Lucas, 1958; Romer, 1990; Barro, 2001; Abbas and Foreman – Peckb 2007). Education – formal and informal, contributes to skill acquisition. Informal education begins at the household level where children are taught how to sweep, clean their environment, fish or farm. By participating in these activities they learn how to do things by themselves and contribute to family income growth. Although such incomes are not recorded in national income accounting, they nevertheless amount to substantial family income. According to Schultz (1962), formal education is a kind of investment in human being that enables them to acquire skills. Such skills raise the marginal product of the worker itself and also help to raise the marginal product of the other co -operant factors. Thus human capital has a unique character – it enters the production function as a factor of production and also as a marginal product augmenting variable. The latter makes the marginal rate of return on capital and other inputs rise continuously so that the unexplained growth rate explains the Solow’s surplus.
- Statement of the problem
The educational sector in Nigeria is plagued by many problems. This is attributed to the attention given to education by the Nigerian governments (both past and present) is relatively low. Even many years after independence, it is stunning to know that the adult illiteracy rate is still at 74% (Ibidapo-Obe, 2007) and the gross enrollment rate is also low. The minimum amount to be spent by a country on education as stated by the United Nations (UN) is 26% of the country’s annual budget. Ironically, according to the data by Herbert (2002) from 1977-1998, the total education budget represented an average of 9.7% of total government expenditures, while its percentage share of the GDP from 1991-2009 has maintained a value of 0.85%. Its highest value was 5.11 % in 1981 and its lowest was 0.85% in 1991 (UNESCO, 2011). Looking at the statistics above, it is clear that expenditure on education is still very low. Another pertinent issue in the Nigerian educational sector is that of teacher education. The basic problems reported by surveys carried out in various research in Nigeria have shown the discrepancy between the demand for teachers and the supply for teachers, and that teachers fail to meet the minimum requirement as stated by the National Policy For Education. This is due to lack of incentives, brain-drain and lack of motivation (Ibidapo-Obe, 2007). According to Dike (2002), he noted that the Federal Government reported that the falling standard of education in Nigeria is caused by “acute shortage of qualified teachers in the primary school level.” It was reported by the same author, that about 23 percent of the over 400,000 teachers employed in the nation’s primary schools do not possess the Teachers’ Grade Two Certificate, even when the Nigerian Certificate of Education (NCE) is the minimum educational requirement one should possess to teach in the nation’s primary schools. It is no wonder then that Nigerian students do not generally perform well in most (external) public examinations. Almost every year, the Chief Examiners Reports (CER) for the West African Examinations Council(WAEC) and the National Examinations Council (NECO) highlight the abysmal poor performance of students at the Senior Secondary School Certificate Examinations. Added to this poor performance in those public examinations, is the widespread vice of examination malpractice, which is indicative of poor and inadequate preparation for examination. When students have not read widely and thoroughly and have not been well prepared for examinations, the tendency is to turn to short-cuts and sharp practices in order to pass examinations.
1.3 Objectives of the study
1. To ascertain whether education impacts on the development of Nigerian economy significantly.
2. To propel reforms and transformation where necessary in the educational sector.
3. To give maximum attention to the educational sector by Nigerian governments.
1.4 Research questions
1. Does education significantly impact on the development of the Nigerian economy?
1.5 Research hypotheses
- : Education does not significantly impact on the development of the Nigerian economy.
- : Education significantly impacts on the development of the Nigerian economy.
1.6 Significance of the study
The above mentioned problems constitute the basis for this research work which aims at examining the impact of government expenditure and teachers’ educational qualifications on the educational sector using different methodological approaches emanating from adopted data.
The study will also benefit the education authorities and administrators, as this will propel reforms and transformation where necessary in the educational sector.
1.7 Scope/Limitations of the study
This study covered the impact of education in the development of the Nigerian economy.
Limitations of study
- Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection through the internet, questionnaire and interview.
Time constraint- The researcher simultaneously engaged in this study with other academic work. This consequently cut down on the time devoted for the research work.
1.8 Definition of terms
Education: The process of receiving or giving systematic instruction, especially at a school or university.
Development: The process of developing or being developed.
Economy: The state of a country or region in terms of the production and consumption of goods and services and the supply of money.