Impact Of Government Expenditure On Education On Poverty Rate In Nigeria:- Ogbu Jude C

ABSTRACT

 The study examined impact ofgovernment expenditure on education in relationship to poverty reduction in Nigeria rangingfrom 1980-2017 accordingly, the study used the method ofordinary least square econometric technique and unit root testing for the purpose of examining government expenditure on education in relation to poverty reduction. Politicians andpolitical parties all over the world strive to gain power to control resource allocation. However, what they do with the peoples’ mandate leaves so much to be desired. In this study, we sought to determine the impact of education expenditure on poverty reduction since the inception ofthe fourth republic between 1980 — 2017. After the review ofrelated literature, the ordinary least square technique was employedfor data analysis. Finding reveals that education expenditure in Nigeria does not impact poverty reduction over the period under study. The efforts of current political dispensation to wipe outpoverty are not yielding the desiredfruit. More should be done to increase education allocation in Nigeria's yearly budget to about 25 % in the next ten years. In addition, human capital development is not yielding to poverty reduction in Nigeria. Healthcare and Vocational training should be encouraged by increasedfunding and monitoring to improve the quality ofhuman resources.