<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Human capital development is increasingly gaining policy relevance especially with the implementation of the Sustainable Development Goals (SDGs). This study examined the correlates of human capital expenditure in rural Nigeria. General Household Survey dataset collected by the National Bureau of Statistics was used for this study. Descriptive statistical tools, principal components analysis and the Heckman selection model were used to analyse relevant data. The study found majority of the households were male-headed, with an average size of 7 people. In terms of access to education, 62.1% of the surveyed households had access to education and spent an average of NGN 12,570.56 on education. The age of household head, access to loans, marital status and household size were the correlates of human capital expenditure in rural Nigeria. Also, school fees and registration accounted for 41.2% of households’ expenditure on education. The study found paucity of funds, low priority placed on education and low interest were the main constraints to human capital expenditure. The study recommended the design and implementation of pro-poor educational interventions especially for children from rural households. Also, there is the need for government, multilateral organisations and financial institutions to position rural households for financial inclusion.</p></abstract>

Human capital development is increasingly gaining policy relevance especially with the implementation of the Sustainable Development Goals (SDGs). This study examined the correlates of human capital expenditure in rural Nigeria. General Household Survey dataset collected by the National Bureau of Statistics was used for this study. Descriptive statistical tools, principal components analysis and the Heckman selection model were used to analyse relevant data. The study found majority of the households were male-headed, with an average size of 7 people. In terms of access to education, 62.1% of the surveyed households had access to education and spent an average of NGN 12,570.56 on education. The age of household head, access to loans, marital status and household size were the correlates of human capital expenditure in rural Nigeria. Also, school fees and registration accounted for 41.2% of households’ expenditure on education. The study found paucity of funds, low priority placed on education and low interest were the main constraints to human capital expenditure. The study recommended the design and implementation of pro-poor educational interventions especially for children from rural households. Also, there is the need for government, multilateral organisations and financial institutions to position rural households for financial inclusion.

Correlates of human capital expenditure among rural households in Nigeria

Rural Sustainability Research

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Correlates of human capital expenditure among rural households in Nigeria"}

Human capital development is increasingly gaining policy relevance especially with the implementation of the Sustainable Development Goals (SDGs). This study...

Correlates of human capital expenditure among rural households in Nigeria

Published Online: Dec 26, 2018

Page range: 41 - 53

DOI: https://doi.org/10.2478/plua-2018-0010

Keywords
Expenditure on education, socio-economics, rural Nigeria

© 2018 Oluwakemi Adeola Obayelu et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Correlates of human capital expenditure among rural households in Nigeria

Published Online: Dec 26, 2018

Page range: 41 - 53

DOI: https://doi.org/10.2478/plua-2018-0010

KeywordsExpenditure on education, socio-economics, rural Nigeria

© 2018 Oluwakemi Adeola Obayelu et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Expenditure on education, socio-economics, rural Nigeria