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Over the years, researchers have found conflicting results regarding the relationship between public education expenditure and economic growth in Nigeria and there seem to be no clear distinction regarding which of capital and recurrent components contributes more to the growth of a nation's economy. Hence, this work empirically investigated the impact of capital and recurrent public education expenditure on economic growth in Nigeria so as to ascertain which component contributes more to economic growth. The study applied ordinary least squares technique on time series data for the period, 1981-2016 and found that capital component of the total education expenditure had stronger impact (17%) on the nation'ʹs economy (GDP) than its recurrent counterpart (13%). The Granger Causality test showed that while capital education expenditure granger causes economic growth in Nigeria, recurrent education expenditure does not. This work therefore recommends that Nigerian government should step up her yearly budgetary allocation to education from the current single digit averaging about 7% of the total budget to double digits so as to boost the growth of her economy and that such allocation should pay more attention to the capital component as it promotes growth more than its recurrent counterpart.

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Foreign capital inflows are major forms of resource transfer from the developed to the developing countries where they are usually found to be more productive and the result can be positive or negative. Hence, the work set out to empirically investigate the effect of foreign capital inflows and some selected macroeconomic variables on economic growth in Nigeria. The study applied the autoregressive distributed lag (ARDL) model on time series data for the period, 1981-2020. The findings from the paper indicate that foreign capital inflows: FDI, Gross fixed capital formation and personal remittances have significant impact on real gross domestic product in Nigeria. Consequently, the study recommends that government should continue to fine tune bilateral trade and investment agreements with other nations of the world.