The united nations conference on sustainable development reaffirmed the. Malaysia is ranked 59, thailand 76, tunisia 92, south africa 119, india 127 and ghana 1. It finds that nigerias efforts at developing formidable human capital is challenged by certain inadequacies in the education and health sectors such as. Human or social capital is indispensable to development. Upon these achievements of human capital development, there are some factors militating against its ultimate success. Deloitte conducted an online survey to assess the key human capital trends in africa and the readiness of business and hr executives to meet these challenges. Second, the challenges in nigerias human capital development system, with particular reference to current situation in the higher institutions. Ajayi department of geography, university of ibadan, nigeria abstract perhaps one major problem facing nigeria today that has received little or no attention remains her low industrial base. Human capital trends survey and analysis conducted by deloitte. Based on the above finding recommendations were made on improving human capital development in nigeria. Human capital development african development bank. Human resource management challenges in nigeria under a globalised economy francis c. Obianuju mary chiekezie and others published corruption as a major challenge of human capital development in nigeria find.
This is because it has been posited that one of the most crucial avenue for grooming and developing human capital is in. Human capital development with a population bigger than any other continents, africa has a huge asset and a strong competitive advantage. Selected developing countries ranked on the human development index. The purpose of this was to examine the challenges of human capital management information system lawson, version 9 in local government authorities as it helped better performance in local government authorities. Key human capital challenges facing organizations today. The sdgs have adopted an allinclusive approach, taking on board challenges faced by all nations and promoting the cooperation between the private and public sector in the execution of the goals. Human resource, development, wealth creation, poverty reduction and vision 20.
The research analyses the role of human capital development on nigeria economic growth, the policies government has developed so far to improve human capital in nigeria, the reason why some failed and how all this play roles in driving the economic growth of the country. The role of higher education in human capital development by. Globalization and the challenges of national development. The challenges the university faces are identified in section five while some suggestions for the way forward are put across in section six. The human capital project this urgent challenge is why president kim has put the full backing of the institution behind a new human capital project.
First, it reports on the key developments in the nigerian economy in the recent past. The economic importance of human capital in modernization. The challenge of implementing the sustainable development. Researches on this topic being carried out over the years have not really achieved its prior objective. These are not simply costs but investment with valuable returns that can be calculated. Find out the state of human capital development in nigeria civil service. Nigerias educational and human capital development has collapsed in quality and quantity at all levels. Abstract from the current phenomenon, the major factor facing the country nigeria is the leadership problem. Impact of human capital development on poverty reduction in nigeria chikelu james chukwubudom department of economics, faculty of social sciences, nnamdi azikiwe university awka, anambra state, nigeria. It is a source of both increased productivity and technological advancement. The broad objective of the study is to study the state and nature of human capital development in the nigeria federal civil service with the view of identifying its challenges under goodluck jonathan administration. Challenges for developing human capital in nigeria.
Human capital is substitutable, but not transferable like land, labour, or fixed capital. The world bank group is committing to help countries prioritize human capital in a sustained way, given the deepening recognition that jobs and skilled workers are key to national progress in. Among the greatest challenges facing many countries today are inadequate human capital investment and high unemployment rates among youth. Impact of human capital development on poverty reduction in. This paper confirms earlier position that higher education is a sinequanon for human capital development and economic growth. The study examined the challenges of human capital development in nigeria federal civil service under goodluck jonathan administration 20102015, the. In truth human capital development has indeed contributed immensely to the overall growth of business organizations and the advancement of the nigerian society. Nigeria biannual economic update investing in human capital. Higher education as a tool for human capital development in. The greatest investment any nation can make is in the development of her human capital.
Human capital development and its impact on firm performance. However, the paper posits that the form of education that will translate to economic growth, especially, in nigeria must place emphasis on the access to, content and openness of the education programmes to labour market demand. Investing in people to build human capital world bank. This paper identified the challenges of globalization on the economic development of nigeria. The study of this nature is prompted by the slow rate of nigerias economic growth despite the huge contribution of the government. Key development challenges facing the least developed. The human development report of 1999 ranked nigeria 146 as against 142 in 1998 out of 174 countries covered in the report, and categorises it among the low human capital development countries of the world, while south africa, human capital development. Nigeria is greatly endowed with both human and mineral resources, but has low human capital development. All things being equal, the better the quality of an organizations human capital the more successful it will be. The role of higher education in human capital development.
Challenges for human capital development and technological. Impact of human capital development on economic growth of. Investing in human capital for nigerias future 3 preface the nigeria biannual economic update is a product of the staff of the world bank and has three broad aims. Paul corley distinguished chair in organizational behavior at the smu cox school of business, has provided the following thoughts on the key human capital challenges facing organizations today.
More specifically the study sought to find out types of data stored in. More specifically the study sought to find out types of data stored in lawson. Pdf corruption as a major challenge of human capital. Wilson, geoff briscoe empirical analysis of human capital development and economic growth in european regions hiro izushi, robert huggins nonmaterial benefits of education, training and skills at a macro level andy green, john preston, lars erik malmberg. Impact of human capital development on economic growth in nigeria. Challenges and new responsibilities of the teacher odu oji kennedy department of technical and business education, delta state university, abraka, delta state, nigeria email. Introduction knowledge is the engine that drives economic growth, and africa cannot eliminate poverty without first increasing and nurturing its intellectual capital. Human capital development and economic growth in nigeria.
Research is a tool for enhancing human capital development. Leadership as a challenge to human capital development in nigeria. Challenges, sustainable, human capital, development and christian moral education introduction human capital development is a process of enhancing skills, productivity, knowledge and. Overview of nigeria s human capital development performance and ranking1 rank 0. What are the challenges facing human capital in nigeria. Africa human capital trends 2014 deloitte united states. This study examines the impact of human capital development on poverty reduction in. Youth population trends and sustainable development. In fact, the major difference between the developed and developing countries is the rate of progress in human capital. Higher education as a tool for human capital development. Not only are professor quinoness thoughts of interest and value, they provide a useful context for the series on the top. Human capital is the fundamental source of economic growth. Challenges and new responsibilities of the teacher odu oji kennedy department of technical and business education, delta state university, abraka, delta state,nigeria email.
Consolidated and zonal reports 11 list of acronyms ansa armed nonstate actors bcda border communities development agency cve countering violent extremism dss department of state services ewers early warning and early response system ews early warning system fct federal capital territory. Entrepreneurship education as a strategy for boosting human capital development and employability in nigeria. A poor country is a country, which never invested sufficiently in its human capital development and the citizens who are supposed to be at the centre of the economic growth would be poverty stricken. Hdi trends for nigeria, cameroon and mauritania, 20052018 nigerias 2018 hdi of 0. Nigeria has this in abundance but it can become a problem if not well developed. Leadership as a challenge to human capital development in. Empirical study of training and development as a tool for. The challenge of human capital development in nigeria nigeria is dismally ranked 151 among the 177 countries rated in the 2004 human development report. To realise the vision of becoming one of the top economies in the. Evidence from developmental economics 267 concept as traditionally defined to say that expenditures on education, training, and medical care, etc. Human capital development is all about investing in personnel training and growth to ensure that the total objectives and organizational, goals are met yesufu 2000. Developed and developing countries put emphasis on a more human capital.
The paper discussed the challenges of research and human capital development in nigeria. There is relationship between research and human capital development. The challenges of developing human capital in nigeria with a global comparability and competitiveness remains far from appreciable levels despite very feeble attempts by successive governments. Impact of human capital development on poverty reduction. The african development banks human capital strategy aims to harness the potential of 1 billion africans through skills development and investments in new technologies to promote quality jobs and workforce competitiveness. Firstly and most importantly is our education system. The role of human capital in industrial development. Nigeria biannual economic update investing in human. Challenges of research and human capital development in nigeria.
However, this has been hampered as a result of internal problems. Control of hr programmes and laid down procedures i. Pdf this study employs the augmented solow humancapitalgrowth. Equipped with education, skills and jobs, its youth stand to be the most important driver of economic growth. Impact of human capital development on economic growth. Strategies to overcome these challenges were also proffered such as improving the standard of education, investment in research and. The challenges of human capital development in nigeria. Challenges for human capital development and technological innovations in the south african water sector page 5 development planning division working paper series no.
The panacea for sustainable national growth and development in nigeria. Apr 28, 2017 firstly and most importantly is our education system. Pdf entrepreneurship education as a strategy for boosting. Many graduates come out the university with theoretical knowledge of their course of study not minding the outdated concepts and textbooks used in teaching and when they come outside they cant. Human development report 2019 inequalities in human development in the 21st century briefing note for countries on the 2019 human development report nigeria introduction the main premise of the human development approach is that expanding peoples freedoms is both the main aim of, and the principal means for sustainable development. Human capital enables countries to harness skills, knowledge, and innovation to grow their economies and improve the wellbeing of their citizens. Implications for educational development focused on the benefits of human. This report summarises the talent and hr trends and priorities that are likely to. Accumulation accumulation of human capital is perhaps the most important determinant of productivity in nigeria. Challenges of research and human capital development in. Olaniyan and okemakinde 2008 in their studies titled human capital theory. Research and human capital development are critical to the development of any nation. The concept human resource, human capital and manpower connote the same thing and they will be used interchangeably. Leadership problem has contributed to this challenge.
The paper underscores human capital development in the nigerian university system via the interrogation of human capital theory. Human capital development is seen as a focal point for pivoting industrial development, for reducing the level of unemployment and increasing the supply of entrepreneurs in any economy. Oct 03, 2012 in short, human capital is the sum of knowledge, abilities, skills, values, personality, ideas, motivation, behaviors and experiences owned and offered by the people within an organization. The national action plan nap which is an addendum document to this report draws. The impact of human capital development on economic growth of nigeria. What is the role of human capital in economic development. Human capital development in nigeria article in economics and organization of enterprise 53. Leadership as a challenge to human capital development in nigeria by ibraheem a. This problem has been on right from the time of her independence. This is for the fact that the growth of tangible capital stock of a nation depends to a considerable degree on human capital. Hvdc high voltage direct current icpc independent corrupt practices commission.
The need for human capital development as an essential component of. Key development challenges facing the least developed countries. The objective of this study is to examine challenges to the. With a population bigger than any other continents, africa has a huge asset and a strong competitive advantage. A high rating in human capital development indices places a country among the leading countries of the world. To realise the vision of becoming one of the top economies in the world, nigeria must produce world class manpower. Human resource management academic research society 440 human capital development in science and technology education. However, the effect of human capital on sustainable industrial development in nigeria has not been adequately explored. From the above, the topic human capital development and economic growth in nigeria. The underdeveloped countries need human capital to staff new and expanding government. Introduction in recent times, the development of human capital has been the focus of concern towards the development of a nation.
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