Human capital development and inclusive growth: Implications for achieving SDG-4 in Nigeria

  • Oludumila Oluwadamilola Covenant University, Ota
  • Opeyemi Akinyemi Covenant University, Ota
  • Oluwasogo Adediran Covenant University, Ota
Keywords: Human capital development, Inclusive growth, Sustainable development goals, education, Johansen co-integration

Abstract

Background: This paper examines the relationship between human capital and inclusive growth and how it can be a viable tool for driving the achievement of the Goal-4 of the United Nations Sustainable Development Goals (SDGs). Additionally, the study show that the attainment of SDG Goal-4 can generate more inclusive type of growth through quality education (human capital development).Methods: The study employed annual data from 1981-2015 from the National Statistical Bulletin (2015) and the World Development Indicators (2015). It uses the Error Correction Mechanism (ECM) and Johansen co-integration estimation techniques.Findings: The result shows that human capital is statistically significant and has a long run relationship with the measure of inclusive growth.Conclusion: The paper concluded that the tools indicated under the SDG-4 can help government produce a more inclusive growth through the channel of quality education, skill acquisition and human capital development.   

Author Biographies

Oludumila Oluwadamilola, Covenant University, Ota
Department of Economics and Development Studies, College of Business and Social Sciences15
Opeyemi Akinyemi, Covenant University, Ota
Department of Economics and Development Studies, College of Business and Social Sciences
Oluwasogo Adediran, Covenant University, Ota
Department of Economics and Development Studies, College of Business and Social Sciences
Published
2018-08-27