Impact of Innovations and Transformations in Teaching and Learning on Educational Systems in Nigerian Economic Growth

The paper examined the impact of innovations and transformations in teaching and learning on educational sector in Nigerian Economic Growth. The paper employed the secondary data and sourced from the Statistical Bulletin of Central Bank of Nigeria. With the aid of statistical package (E-views, version 7.2) windows, the model was estimated using annual time series data from 1960 to 2012. The paper employed the characteristics of each time series by testing their stationarity using Augmented Dickey Fuller (ADF) tests, including co-integration tests and Error Correction model through over-parameterization and parsimonious of the variable to enable the researcher to ascertain both short run and long run equiliria. The results of the findings revealed that total government expenditure on education proxied for teaching and learning has a direct relationship with economic growth. The paper recommended that there is a need for government as a matter of priority implements the United Nations (UN) recommendation of 26% budgetary allocation to educational sector, ensure that Information Communication Technology (ICT) is introduced at least for the teachers and students to have fundamental knowledge about computers, internets, etc, hence facilitate the new approach in teaching and learning, increase capital expenditure and infrastructural development on schools since empirically total government expenditure has a negative sign and it is not statistically significant at any level.