Growth Analysis of The Impact of Human Capital Development Through Leadership in Nigeria

Abstract

This study examines the growth analysis of the impact of human capital development in Nigeria. The study employs the autoregressive distributed lag cointegration framework, using annual data over the period 1986 to 2020. The objectives of the study were to determine the growth analysis of the impact of human capital development on different sectors in Nigeria. In the long-run government investment in education and secondary school enrolment rate was seen to have a positive and significant impact on Agricultural sector growth while investment in health was seen to have a negative impact on Agricultural sector growth. The study recommends that both government investment in education should be increased so as to have a positive impact on, Agricultural and Industrial sectors both in the short-run and long-run. The diagnosing test results show that the estimate obtained is valid, and thus, our findings are robust and reliable. This paper also delves into the crucial interplay between leadership styles and human capital development, focusing on Nigeria's unique context. As a nation brimming with potential, the effective utilization of its human resources is central to achieving sustainable growth. The paper conducts an in-depth analysis of various leadership styles employed in Nigeria and their impact on human capital development. By examining historical trends and contemporary approaches, this study aims to shed light on how leadership can catalyze human capital development and foster economic growth.

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