‘Human capital devt, knowledge gap needed to achieve Nigeria’s competitive aspirations’

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Nigeria, Africa’s largest economy can only achieve her desire of a new country that will compete with other first world countries by addressing growth stimulators such as Human capital development, Knowledge gap and aggressive attraction of investment. An industry expert has said.

He observes that to restore the dignity of Nigeria and create the human resource capacity that will drive economic growth into the future, governments at levels in must pursue with single- minded focus issues around high level and functional (skill- Based) education.   

Sam Ohuabunwa, president and chairman, Pharmaceutical Society of Nigeria opines that enthronement of public –private partnership and the encouragement of private investment in education especially vocational and tertiary education will go a long way in accomplishing this daunting task.

Ohuabunwa while delivering the sixth public lecture at Crawford University, Igbesa, Ogun, observes that Nigeria’s educational system has suffered mostly from in appropriate planning and perennially poor funding; adding that despite all the talk about free education, handing over primary education to the local government is a misnomer.

According to him, “The current local government system in many parts of Nigeria cannot deliver the change in foundational education required to ignite the proposed revolution in our educational system”

Speaking on the lecture title, ‘When will Nigeria become a first world Nation?’ Ohuabunwa said Nigeria must quadruple its rate of digital technology adoption and application.

“Nigeria must invest heavily in artificial intelligence and be active in the stratosphere. Related to this is the huge investment in research and development” he said.

He further opines that if Nigeria must exit this third world status, she must exploit its areas of comparative advantage and unleash an export driven growth strategy centered on non-oil.

On the factor around aggressive attraction of investment, Ohuabunwa said that the … Read More...