GLOBAL COMPETITIVENESS, HUMAN CAPITAL DEVELOPMENT AND NIGERIA’S VISION 202020
Journal Title: European Journal of Business and Social Sciences - Year 2016, Vol 5, Issue 2
Abstract
This work assesses the state of human capital development in Nigeria with a view to determining the extent to which it can support the Nigerian manufacturing sector in achieving the objectives established for it by the countries policy document, vision 202020. It relied on existing (secondary) data to achieve its objectives. Such data were presented in tabular forms and further subjected to graphical and statistical analysis. It was found that there is a very strong positive relationship between human capital development and global competitiveness; that mainly as a result of inadequate funding, the state of human capital development in the country must improve significantly in order provide the manufacturing sector with the quantity and quality of human capital that will enable it to achieve the objectives prescribed for it by vision 202020. This work, therefore, recommends that the sector should play a more proactive role in improving the quality of education in the country. Specifically, they should partner with the stakeholders in the education sector to lobby for better funding of education using the UNESCO benchmark as a reference point, seriously consider establishing a university of its own with an academic curriculum that is tailored to the specific human capital needs of the sector, and endeavour to make its own input into the academic curriculum of other existing tertiary institutions through the National Universities Commission (NUC).
Authors and Affiliations
O. C UGBAM| (Corresponding Author) Department of Management University of Nigeria Enugu-Campus, OBI-ANIKE| Department of Management University of Nigeria Enugu-Campus, HAPPINESS OZIOMA| Department of Management University of Nigeria Enugu-Campus
Keywords
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