Investments in Education and Health and Poverty Alleviation in Nigeria

References

[1] Acemoglu, D., & Autor, D. (2012). "What Does Human Capital Do? A Review of Goldin and Katz's The Race between Education and Technology. Journal of Economic Literature, 50(2), 426-463.

[2] Adamu, A., & Shehu, M. (2023). Human capital investment and poverty reduction in Sub-Saharan Africa: Evidence from Nigeria. African Development Review, 35(1), 90–105. https://doi.org/10.1111/1467-8268.12625.

[3] Becker, G. S. (1993). Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education (3rd ed.). University of Chicago Press.

[4] Amakom U. (2020). Public spending and poverty reduction in Nigeria: A benefit incidence analysis in education and health. AERC

[5] Arsani AM, Ario B, Ramadhan AF (2020). Impact of Education on Poverty and Health: Evidence from Indonesia. Economics Development Analysis Journal; 9(1): 87–96. doi: 10.15294/edaj.v9i1.34921.

[6] Chikelu, J. (2016). Impact of Human Capital Development on Poverty Reduction in Nigeria. https://mpra.ub.uni-muenchen.de/74696/MPRA Paper No. 74696

[7] Didiugwu S. (2024). Empirical Analysis of Human Capital Development and Poverty Reduction in Nigeria (1981-2022). African Journal of Economics and Sustainable Development 7(1), 139-158DOI: 10.52589/AJESDWF6YYTW9

[8] Ejemezu, C., & Ajala, R. B. (2023). Government Expenditure and Poverty Reduction in Nigeria, 1986-2022: A Disaggregated Approach. African Journal of Stability and Development (AJSD), 15(1&2), 25–56. https://doi.org/10.53982/ajsd.2023.1501_2.02-j.

[9] Lucas, R. E. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3-42.

[10] National Bureau of Statistics (NBS). (2022). 2022 Multidimensional Poverty Index Report. Retrieved from https://nigerianstat.gov.ng

[11] Obele, T. & Adebiyi, O. (2022). QUANTITATIVE ASSESSMENT OF THE EFFECT OF GOVERNMENT EXPENDITURE ON POVERTY INCIDENCE IN NIGERIA. Journal of Business and Economic Analysis Vol. 05, No. 03, pp. 227-239. https://doi.org/10.1142/S2737566823500032

[12] Okoronkwo, I., Onwujekwe, O., Ezenwaka, U., Etiaba, E., Mbachu, C., Uzochukwu, B., & Hagen-Zanker, J. (2023). A time series analysis of government expenditure and health outcomes in Nigeria. PLOS Global Public Health, 3(9). https://doi.org/10.1371/journal.pgph.0002332.

[13] Oleribe, O. O., Momoh, J., Uzochukwu, B. S., Mbofana, F., Adebiyi, A., Barbera, T., Williams, R., & Taylor-Robinson, S. D. (2022). The Lancet Nigeria Commission: investing in health and the future of the nation. The Lancet, 399(10330), 1155-1200. https://doi.org/10.1016/S0140-6736(21)02488-0

[14] Oluwatobi, S. O., & Ogunrinola, I. O. (2022). Public investment in education and poverty alleviation in Nigeria: A human capital approach. Journal of Economics and Sustainable Development, 13(4), 45–56.

[15] Psacharopoulos, G., & Patrinos, H. A. (2018). Returns to investment in education: A global update. World Development, 112, 425–438.

[16] Schultz, T. W. (1961). Investment in human capital. The American Economic Review, 51(1), 1-17.

[17] UNDP. (2024). Human Development Report 2024: Rethinking Human Capital for a Resilient Future. New York: United Nations Development Programme. https://hdr.undp.org

[18] UNESCO. (2023). Global Education Monitoring Report: Investment in Education Systems. Paris: UNESCO Publishing. https://unesdoc.unesco.org

[19] World Bank. (2024). Government expenditure on education, total (% of GDP) - Nigeria. World Bank Open Data. Retrieved from https://data.worldbank.org/indicator/SE.XPD.TOTL.GD.ZS?locations=NG

[20] World Health Organization (WHO). (2024). World Health Statistics 2024: Monitoring Health for the SDGs. Geneva: WHO. https://www.who.int

@article{1718098,
      author = {Emerenini, Fabian. M, Ogu, Callistus, Mbadugha, Onyebuchi Augustine, Azuike Anne Urenna},
      title = {Investments in Education and Health and Poverty Alleviation in Nigeria},
      journal = {Iconic Research And Engineering Journals},
      year = {2026},
      volume = {9},
      number = {11},
      pages = {4885-4896},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1718098.pdf},
      abstract = {This study examined the relationship between investments in education and health and poverty alleviation in Nigeria from 1990 to 2024 (35 years). The 2025 publications of the Central Bank of Nigeria Statistical Bulletin and World Bank were sources of the secondary data employed in this study. The Auto-regressive Distributed Lag (ARDL) diagnostics was utilized in the data estimation, having established the existence of no long-run relationship in the model. Investment in education, investment in health and literacy rate were regressed on poverty alleviation (proxied by poverty headcount) in Nigeria. The findings of the study revealed that investment in education posited positive but statistically insignificant effect on poverty alleviation. Alternatively, investment in health and literacy rate showed negative but statistically insignificant relationships with poverty alleviation in Nigeria. The study therefore recommends that to effectively reduce poverty, Nigeria should enhance the quality and targeting of education and health investments, reform literacy programs to include income-generating skills, and adopt a multi-sectoral development strategy that addresses broader structural and institutional factors influencing poverty alleviation.},
      keywords = {Investments in Education, Investments in Health, Poverty Alleviation, Human Capital Theory, Literacy Rate},
      month = {May},
      doi = {https://doi.org/10.64388/IREV9I11-1718098}
  }