Analysis of Human Capital Development, Information Technology (ICT) and Economic Growth Nexus in Nigeria

The study examined human capital development, information technology, and Economic Growth in Nigeria from 1991 to 2021. The Augmented Dickey-Fuller and Phillips Perron test indicated that real gross domestic product, information technology, and secondary school enrolment are stationary at first difference. At the same time, growth capital formation is stationary at level. Tertiary school enrolment is also stationary at first difference in the ADF test while it is stationary at a level in the PP test. The ARDL model showed that growth capital formation has a positive but statistically significant effect on the gross domestic product in Nigeria. The labor force has a positive but statistically significant effect on the real gross domestic product in Nigeria. Information technology has a positive but statistically significant effect on the real gross domestic product in Nigeria. Tertiary school enrolment has a positive but statistically significant effect on the real gross domestic product in Nigeria. Secondary school enrolment has a positive but statistically significant effect on the real gross domestic product in Nigeria. The study recommends that for Nigeria to enhance its economic growth, there is a need to implement specific policies that facilitate investment in ICT in the country by empowering youth on the different aspect of information technology to become self-reliant and achieve higher economic growth.