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Empirical Analysis of Human Capital Development and Poverty Reduction in Nigeria (1981-2022)

This study examined the impact of human capital development on poverty reduction in Nigeria covering the period 1981-20222. Data for the research were annual times series data on total education expenditures, total health expenditures, and inflation extracted from the Central Bank of Nigeria Statistical Bulletin 2020 and poverty rate, out-of-pocket expenditures, and human development index collected from World Development indicators. The methodology adopted in the study is linear regression with the application of the Ordinary Least Squares (OLS) technique. Other diagnostic tests which include…

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