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ABSTRACT
The study examines the impact of human resource development on economic growth in Nigeria. The objective of the study was to examine the relationship between spending on health, education, total fixed capital formation, population growth rate and gross domestic product. The study adopts the use of table least squares to estimate the impact of the explanatory variables on the dependent variable Gross domestic product at constant prices (GDP). Research results show that the Health Expenditure Coefficient (EXPH) has a negative relationship with economic growth and is statistically significant at 5%. The coefficient of expenditure on education (EXPE) was found to have a positive relationship with economic growth and was statistically significant at the 5% level. Gross fixed capital formation coefficient (GFCF) has a positive relationship with economic growth and is not statistically significant at 5%. Gross fixed capital formation coefficient (GFCF) has a positive relationship with economic growth and is not statistically significant at 5%. However, the study recommends that governments demonstrate a strong commitment to human capital development to drive real performance across the economy. Likewise, managers can generate profits for their companies by properly managing people management and maintaining and maintaining their various operational capabilities at optimal levels. It is also recommended that there is sufficient budget to provide training and human resource development to further strengthen the operational capacity of the economy. The functional agencies need to take appropriate measures to enhance the operational capacity of the people in order to obtain the highest efficiency. In addition, businesses operating in the economy should invest in human resources to ensure that they can meet their short-term financial obligations as they come due. Finally, the managers of listed companies must ensure tangible performance and profitability of their business is achieved. This means that they must recruit and retain the best human resources to help achieve these goals knowing full well that profitability plays an important role in a company's financial health. All stakeholders should be concerned about both the liquidity position and the performance of the company.
