Main Article Content
The purpose of this study is to empirically examine the impact of education and health infrastructure on industrial sector performance in Nigeria. In that vein, an annual time series dataset was generated from Central Bank Statistical Bulletin and World Development Indicators (WDI) for the period, 1980 to 2022. The study employed Autoregressive Distributed Lag Model to analyse the parameters. Ex-post facto research design was also adopted. The descriptive results suggest that all the variables have positive mean. The implication of the positive mean is that all the variables in the model recorded positive average growth rate during the period under review. The inferential analysis began with estimation of unit roots tests and the results revealed that variables were stationary at different orders of integration. Furthermore, the cointegration test shows that there is an evidence of cointegration among the variables. Based on the cointegration result, this study applied ARDL approach to generate the estimated short-run and long-run results. Based on the short-run estimate, this study reveals that there is positive but statistically significant relationship between education infrastructure and industrial sector performance. There is negative but statistically insignificant relationship between health infrastructure and industrial sector performance, while there is also a negative but statistically insignificant relationship between communication infrastructure and industrial sector performance.
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Authors hold the copyright of all published articles except otherwise stated.
Akekere, J., Oniore, J. O., Oghenebrume, A. D., & Stephen, E. Z. (2017). Industrial Sector Growth and Public Infrastructure Capital in Nigeria. Journal of Economics, Management and Trade, 19(4), 2456 – 9216.
Alfredo, M. P., & Rui, M. P. (2017). Effects of Infrastructure Investments on Industrial CO2 Emissions in Portugal. No 81, 2017. Alison, G. (2018). Government Spending on Infrastructure and Economic Growth in Nigeria. Economic Research, 31(1), 997-1014. https://doi.org/10.1080/1331677X.2018.1436453.
Ashworth, D. (2015). Industrial Sector Growth and Public Infrastructure Capital in Nigeria. Journal of Economics, Management and Trade, 19(4), 2456 – 9216.
Babatunde, A., & Seyifa, O. (2017). Industrial Output and Economic Growth in Nigeria. European Journal of Scientific Research, 147(1), 87–96.
Bamidele, A., O. (2014). Nigerian and its Declining Education – the way forward. Premium Times February 18, 2014.
Bassey, U. (2015) The Effect of Industrial Development on Economic Growth: An Empirical Evidence in Nigeria. European Journal of Business and Management, 7(13), 2222–2839.
BYJUS (2021). Industrial Output and Economic Growth in Nigeria. European Journal of Scientific Research, 147(1), 87–96.
CDP. (2020). Electricity and Power Infrastructure and System. Centre for Disaster Communication. https//doi.org/10.1002/9781405186407. Philanthropy, 2020.
Ebuh, G.U., Ezike, I.B., Shitile, T.S., Smith, E.S., & Haruna, T.M. (2019). The Infrastructural Growth Nexus in Nigeria: A Reassessment. Journal of Infrastructure Development, 11(1-2), 41 – 58.
EFA, (2014). Teaching and Learning: Achieving quality for all. United Nation educational scientific and Cultural Organisation, UNESCO 2014.
Emeka, O., A. E. & Nneoma, G. O. (2016). Communication Modes in Nigeria and their Contribution to Tourism Development in Enugu State. International Journal of Communication, 7(13), 3422–3832.
Emeka. (2016). Impact of Internet Usage on the Academic Performance: a case study of the University of Abuja. International Journal of Scientific and engineering research. 7(10), 10-18.
Etymology D. (2021). Education, origin and meaning. www.etymonline.com. 2021.
Hirschman, A.O. (1958). The Strategy of Economic Development. New havens: Yale University press. ISBN 0 – 300-00117-7
Kabiru, S. A. (2019). Socio-Economic Infrastructure and National Development: An Analytical Assessment from Nigerian Perspective. Journal of Humanities and Social Science, 21(10), 2279 – 0837
Lucas, Jr., R. E. (1988). On The Mechanics of Economic Development, Journal of Monetary Economics, Elsevier, July, 22(1), 3-42.
Nurkse, R. (1955). Problems of Capital Formation in Underdevelopment Countries. A Critique 2 (4) pp 1 – 33.
Olawunmi, O., & Adedayo, E., L. (2020). Health, Education and Industrial Output in Nigeria: An Interactive Effect. KIU Journal of Social Sciences, 6(2): 10-107
Romer, P. M. (1989). Human Capital and Growth: Theory and Evidence, NBER Working Paper 3173.
Rostow, W.W. (1965). The Economics of Take–Off into Self–Sustained Growth. New York: St. Martin’s Press.
Rufus, A., & Bufumoh, P. (2017). Critical Infrastructure Decay and Development Crises in Nigeria. Global Journal of Human Social Science, 17(2), 58-65.
Schultz T. W. (1961). Investment in Human Capital. American Economic Review, 51, 1-17.
SER (2013) Infrastructure and Development: A Critical Appraisal of the Macro Level Literature. The World Bank, Policy Research Working Paper, 4590.
Shobande, A.O. & Etukomeni, C.C. (2016). Infrastructural Investment and Industrial Growth: A Private Investment Led Approach. EJBE, 6(2), 159-183.
Srinivasu, B., & Rao, S. (2013). Infrastructure Development and Economic Growth: Prospective and Perspective. Journal of Business Management and Social Science Research, 2(1), 2319.
Taofik, M.I. (2019). Infrastructural Development and Industrial Output in Nigeria. Journal of Economics and Social Studies, 61(1), 89–122.
Umar, N. (2019). Challenges of Infrastructural Development in Nigeria. International Journal of Political Science and Development, 7(4), 101-108.
UNDP (United Nations Development Programme). 2018. Human Development Report 2011: Sustainability and Equity: A Better Future for All. New York.
World Bank (1994). World Development Report: Infrastructure for Development. New York: Oxford University Press. https://openknowledge.worldbank.org/entities/publication/5ad3a565-0f90-5403-87ea-86948b79c623