Vol. 1, December 2023

Examining the Nexus Between Inadequate Educational Facilities as Proxy for Migration and Personal Remittance in Nigeria: Impact on Socio Economic Development

Rufai, Musiliu Dada Anagun, Adeyemi Michael and Olayide, Bilkis Omolara

Abstract

Educational facilities consist of both the physical structure and the variety of building systems, such
as mechanical, plumbing, electrical and power, telecommunication, security and fire suppression
system but also includes furnishing, materials and supplies, equipment and information technology,
as well as various aspects of the building grounds. International economics nowadays are
characterized by the interaction of capital and labour, as well as by the rapid changes in these
components of production’s mobility that are occurring on a worldwide scale. Migration is though
simple seen as the movement of a person or group of people from one geographic region to another.
Recently, migrants in Nigeria travel for employment and educational purposes to scale up their
standard of living. Despite these indices, it can be traced that the basic reason for migration in Nigeria
is due to lack of adequate educational facilities. Migration from Nigeria is induced by fee waivers,
access to professional and educational training, and research equipment. Two null hypotheses were
formulated for the study. The study was anchored on Neo-classical and development theory, and the
Theory of New Economics of Labour Migration and Livelihood Approach. The data used for the study
were sourced from the 2021 Central Bank of Nigeria Statistical Bulletin and the 2022 World Bank
Development Indication. An annual time series data over the period of 1990 to 2020 using the log of
government expenditure on education as a proxy for migration, the log of personal remittances
received, and the log of GDP per capita as a proxy for socio-economic development to form an
econometric model. The study adopted the use of a log-log econometric model and was analyzed with
the aid of EViews version 9. It was concluded that there is no co-integration, which means that there
is a short-run relationship between the socio-economic development, migration, and personal
remittance received in Nigeria. Thus, we accept the null hypothesis and reject the alternate
hypothesis. Based on the findings of this study, the following recommendations were made that the
government should gear up in financing the education sector to catch up with the level of educational
facilities in developed nations, and also ensure that entrepreneurs are encouraged to establish jobs that
would attract the thronging professional exodus from the nation.

Keywords

Educational Facilities, Migration, Socio-Economic, Development.

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