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HUMAN CAPITAL DEVELOPMENT AND POVERTY REDUCTION IN ANAMBRA STATE, 2017-2024
The study investigated the impact of human capital development on poverty reduction in Anambra State. The study disaggregated the human development programme of the Anambra State into investment in education, investment in vocational studies, investment in health, and job creation and business supports. A sample of 384 was drawn based on the Krejcie and Morgan's sample size technique, from a population of 2,002,700 of purposively selected six LGA in Anambra State. A structured Liker-type questionnaire was developed for data collection, and found reliable at Cronbash Alpha coefficient of 0.80. The multiple regression technique was used for data analysis and the results showed that (1) Government investment in education has a positive but insignificant (coef = 0.053, t=1.628; p = 0.102) influence on poverty reduction; (2) Skill acquisition programs has a positive and significant (coef = 0.072, t=21.713; p = 0.00) influence on poverty reduction; (3) Government investment in health has a positive and significant (coef = 0.344, t=6.321; p = 0.003) influence on poverty reduction; and (4) Government job creation and business support has a positive and significant (coef = 0.123, t= 21.837; p = 0.000) influence on poverty reduction. The study thus concluded that government investment for human capital development has enormous is a panacea for poverty alleviation in Anambra state. The recommendation amongst others is that government should monitor and carry out effective supervisory role on her educational programme such as free education, feed programme and curriculum implementation; as these are some of the factors that consolidated quality education.
Key Words: Human Capital Development, Poverty Reduction, Anambra State
