International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Since Year 2012 | Open Access | Fully Refereed | Peer Reviewed

ISSN: 2319-7064




Downloads: 100

Research Paper | Business Management | Nigeria | Volume 7 Issue 10, October 2018


Synergistic Influence of Selected Human Capital Formation Indices on Small and Medium Scale Enterprises Growth in Nigeria (2001-2015)

Lawal N.A | Ojokuku R.M


Abstract: Inadequate human capital is a prominent challenge facing small and medium scale enterprise (SMEs) growth in Nigeria and other developing economies. Despite diverse measures taken overtime to develop and improve human capital, Nigeria still falls short of the standard recommended by United Nations Educational, Scientific and Cultural Organization (UNESCO). This study analyzed the synergistic influence of selected human capital formation indices on small and medium scale enterprises (SMEs) growth in Nigeria between 2001 and 2015. Specifically, the study examined government expenditure on education (GEE), and level of school enrolment (SENR) within the specified period and their influence on SMEs growth was assessed. Data generated was analyzed using Multivariate Regression technique. The result revealed that GEE and SENR had combined significant positive influence on SMEs growth in the study period. The study recommended that government should commit more fund to education as a veritable tool for human capital formation. This is expected to drive SMEs growth to boost the nations economy in this period of economic downturn.


Keywords: Government expenditure, education, SMEs, GDP, employment, export, economy


Edition: Volume 7 Issue 10, October 2018,


Pages: 1655 - 1660

Synergistic Influence of Selected Human Capital Formation Indices on Small and Medium Scale Enterprises Growth in Nigeria (2001-2015)


How to Cite this Article?

Lawal N.A, Ojokuku R.M, "Synergistic Influence of Selected Human Capital Formation Indices on Small and Medium Scale Enterprises Growth in Nigeria (2001-2015)", International Journal of Science and Research (IJSR), https://www.ijsr.net/get_abstract.php?paper_id=ART20192049, Volume 7 Issue 10, October 2018, 1655 - 1660, #ijsrnet

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