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This paper x-rayed the concept, measurement and, patterns of economic development. In doing this, the paper reviewed a vast literature on concepts, measurement of economic development and, economic development patterns and their effects on growth indicators as well as on the quality of life components. This literature was sourced from known academic databases. From the overview of the concept, measurement of economic development and, economic development patterns and their relationship between growth indicators as well as the quality of life components the following were found; as new challenges emerge, the horizon of the concept of economic development expands to accommodate the prevailing challenges. Economic development has no conventional measure/indicator that completely captures it process and, there are various economic development patterns use in tackling the problem of economic growth and quality of life, some of which are; knowledge-based, trade-based, saving-based and ethnic-religious-based pattern. Future studies may use these concepts/measurements of economic development and patterns of economic development and, validate their significance using statistical methods.

This study investigates how the development of human capital is related to economic growth in Nigeria from 1980 to 2015. Data were sourced from the Central Bank of Nigeria and the National Bureau of Statistics. The study employed Augmented Dickey-Fuller (ADF) to estimate the relationship among the variables used in this study which revealed that there is a positive long-run relationship among public expenditure on education and health, total school enrolment, gross capital formation, employment rate, life expectancy rate and economic growth. The study recommended that the government should put in place the required education and training policy that would guarantee quality schooling for different level of education. Government should also commit more funds to health sector to enhance human capital formation. It was also recommended there should be more pragmatic means to develop human capabilities.