Impact of Government Education Expenditure on the Economic Growth of Anambra State, 2015-2023

This study evaluated the impact of government education expenditure in the economic growth of Anambra State, 2015-2023. The specific objectives of the study were to: investigate if there is a causal link between expenditure on education and economic growth in Anambra State; To ascertain the challenges militating against quality of education towards economic growth; To find out measures that will improve the quality of education towards economic growth. The Research design employed in the study is descriptive survey research design. The data generated for the study comprises of primary sources (field survey). Primary data are those obtained directly from the originators or main source. The population of this study comprised population of Anambra State. The estimated population of Anambra state is 5,953,500. The sample consisted 200 undergraduate students drawn from the population. The study found that: there is a causal link between expenditure on education and economic growth in Anambra State. There are challenges militating against quality of education towards economic growth in Anambra State. The study recommend that Government should increase the level of funds directed to educational sector. This study recommends that the Nigerian government gradually increases the share of educational allocation from the budget, to match the benchmark of 26% set out by UNESCO. The issue of corruption in the country is also prevalent in the educational sector. This result to the inefficient impact of educational expenditure on the public, limiting the influence on economic growth. This study recommends efforts to be made, to improve the efficiency of the expenditures, allocated to the education sector. This study also recommended that the government should focus on other factors that have real causal impact on economic growth. These factors include technology, security and power. These are aspects of the country’s economy, that if improved will have a massive impact on economic growth.