Stakeholders have called on the government to invest heavily in human capital development as a necessary step toward developing the economy.They argued that productive economies are driven by three key elements – knowledge, governance and human capital, while the people factor plays a significant role. A professor of corporate governance from the Lagos…Stakeholders have called on the government to invest heavily in human capital development as a necessary step toward developing the economy.
According to him, 36 per cent, by all considerations, is not a pass mark, which means Nigeria is not doing well in that area. He said this is lower than the average for the sub-Saharan Africa region of 40 per cent and lower, middle-income countries of 48 per cent. Ajogwu recalled that the same thing happened to India before they addressed their poverty syndrome and now become one of the top countries globally in human capital development.
Ajogwu called for public-private sector partnership, long-term planning, commitment, and focus on education to meet industry alignment as measures to develop the nation’s human capital development. Stakeholders have called on the government to invest heavily in human capital development as a necessary step toward developing the economy.They argued that productive economies are driven by three key elements – knowledge, governance and human capital, while the people factor plays a significant role.