Abstract

Financial deepening and human capital development have attracted attention from the economist and financial experts. Some propositions suggest that financial deepening spur growth while others did not. The main objective of the study was to ascertain the extent to which financial deepening has affected human capital development. The study was an expost facto design and were obtained from central bank of Nigeria statistical bulletin and world performance indicator. The study employed the use of unit root test to determine the stationarity of the variables and ordinary least square. The result revealed that financial deepening variables have a joint effect on human capital development. The work recommend that since the financial sector enhances human capital development monetary authorities should liberalize financial institution policies in order to boast financial activities in Nigeria