Public Sector Management and Sustainable Development in Nigeria (Analysis of Public Expenditure on Education, Health and Security)

1Chidi-Okeke, Chioma Nnenna,2Chukwu, Kenechukwu Origin, 3Chris-Ejiogu, Uzoamaka Gloria, Ibe, 4Ositadimma Leslie
1, 2 Department of Banking and Finance, Nnamdi Azikiwe University, Awka
3, 4 Department of Financial Management Technology, Federal University of Technology, Owerri, Nigeria
DOI – http://doi.org/10.37502/IJSMR.2021.4601

Abstract

This paper studied public sector management and sustainable development with reference to public spending on education, health, and security in Nigeria. To achieve this, the main objective is to ascertain public sector expenditure on education, health, and security.  Data for analysis were collected from the Central Bank of Nigeria statistical bulletin from 1999 to 2019. The dependent variable was the Human Development Index (HDI), used to measure sustainable development while public expenditure on education, health, and security was used as measures for independent variables. The error correction model was used to test the short-run effect while the granger causality was used to show the causal relationships among the variables of the study. The result obtained indicated that there is a negative and insignificant effect between public expenditure on education, health, and security on the human development index. The study recommends among others that government should review its allocation to education, health, and security while ensuring proper financial management of funds allocated to these sectors.

Keywords: Education, Health, and Security.

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