Capital expenditure and educational outcome in Nigeria: Performance analysis of fiscal authorities

Abstract

The study examines the impact of public expenditure on educational outcome in Nigeria by the various forms of governance or fiscal authorities from 1984 to 2021 in Nigeria. The data was analysed with the statistical package for social sciences (SPSSWIN-25) and the findings revealed that; both eras had non-significant impact on education but the democratic era surpassed the military with about 43.2% and the change in educational outcome negates the capital expenditure and the human factor was a constrain. The study recommends an increase in education budget to 26% of total budget, strict adherence to control mechanisms and avoidance of fiscal practitioners.