Impact of Health and Education Expenditure on Poverty Alleviation in Nigeria
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Date
2020
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Caleb International Journal of Development Studies
Abstract
The significance of government expenditure in the promotion growth and development of every sector in an economy cannot be over-flogged. This study aims to ascertain the impact of government expenditures on health and education on poverty alleviation in Nigeria.
This study used the Ordinary Least Square (OLS) statistical method on obtained from Statistical Bulletin of the Central Bank of Nigeria (CBN) and World Development Index (WDI) over the period of 1988-2018. The Johansen Co-integration result indicates four co-integrating equations at the 0.05 level. Result shows that there exists a long-run relationship between government expenditures on health and education and poverty alleviation in Nigeria.
It was also found out that expenditure on health and education exhibit positive relationship on the dependent variable (Poverty Alleviation), this means that increasing government spending on health and education translates to increases in poverty alleviation.
To alleviate poverty in Nigeria, government should increase expenditure on health and education.
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Citation
Amire, C.M. (2020). Impact of Health and Education Expenditure on Poverty Alleviation in Nigeria. Caleb International Journal of Development Studies. 3(1);199-213.