Correlates of human capital expenditure among rural households in Nigeria

Obayelu, A.O., University of Ibadan, Oyo State; Ojo, A., University of Ibadan, Oyo State; Oladoyin, O., University of Ibadan, Oyo State

Correlates of human capital expenditure among rural households in Nigeria

2018

Obayelu, A.O., University of Ibadan, Oyo State (Nigeria) | Ojo, A., University of Ibadan, Oyo State (Nigeria) | Oladoyin, O., University of Ibadan, Oyo State (Nigeria)

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 maleheaded, 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.

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AGROVOC Keywords

africa afrique budget budgets data analysis data collection education expenditure gastos gastos familiares hogares household expenditure households human capital human resources latvia letonia lettonie nigeria presupuesto recherche recursos humanos research ressource humaine rural areas socioeconomic environment statistical data zonas rurales zone rurale

Bibliographic information

Published in

Rural Sustainability Research (Electronic resource) (Latvia) | Scientific journal of Latvia University of Life Sciences and Technologies

Volume 40 Issue 335 ISSN 2256-0939

Pagination

p. 41–53

Other Subjects

Depense des menages; Analisis de datos; Menage; Datos estadisticos; Analyse de donnees; Coleccion de datos; Donnee statistique; Collecte de donnees; Educacion; Investigacion; Depense; Environnement socioeconomique; Entorno socioeconomico

Language

English

Note

Summary (En)

4 tables, 2 fig., 33 ref.

Continues edition: Proceedings of the Latvia University of Agriculture, ISSN 2255-8535 (Online), ISSN 1407-4427 (Print)

Type

Web Site; As

In AGRIS since: 2019-02-15

Format: AGRIS AP

Data Provider

This bibliographic record has been provided by Fundamental Library of Latvia University of Life Sciences and Technologies