Examination of human capital development

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Investment in human capital are central to development, delivering substantial economic benefits in the long term. However, the benefits of these investments often take time to materialize and their benefits to the society are not always visible, leading to underinvestment in human capital. The Human Capital Index quantifies the contribution of health and education to the productivity of the next generation of workers. Nigeria whose capital index (HCI) is 0.34, has been ranked 152 out of 157 countries in the first-ever Human Capital Index released by the World Bank Group which makes is one of the worse in the world.
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  • 1. Examination of Human Capital Development (A Case Study of Nigeria for Poliy Makers Public and Private sector Policy Makers in Health, Education and Financial Sector , Nigeria) Presented by: NDIM-EJOR NDIFON
  • 2. Introduction • Investment in human capital are central to development, delivering substantial economic benefits in the long term. However, the benefits of these investments often take time to materialize and their benefits to the society are not always visible, leading to underinvestment in human capital.
  • 3. Human Capital Index • The Human Capital Index quantifies the contribution of health and education to the productivity of the next generation of workers. Nigeria whose capital index (HCI) is 0.34, has been ranked 152 out of 157 countries in the first-ever Human Capital Index released by the World Bank Group which makes is one of the worse in the world
  • 4. What is the problem or issue that you are trying to solve? • To increase the poor human capital index of Nigeria and the future of productivity of children born today by 2023.
  • 5. The Human Capital Challenge in Africa
  • 6. What challenges you may encounter while implementing your solution?
  • 7. What is needed for a solution you propose to bring a desired outcome
  • 8. What is needed for a solution you propose to bring a desired outcome – Cont’d
  • 9. What is needed for a solution you propose to bring a desired outcome – Cont’d
  • 10. Reasons for the government, private sector and other stakeholders to Participate • Increase Employee Satisfaction • Improve Retention Rates • Develop Employee Engagement • Develop Client Engagement • Improve ROI • Improved Organizational/Government Communication • Better Recruitment • Greater Company Culture
  • 11. References • https://openknowledge.worldbank.org/handle/10986/30498 • https://databank.worldbank.org/data/download/hci/HCI_2pager_NG A.pdf • https://www.worldbank.org/en/news/speech/2019/03/18/fulfilling- the-potential-of-human-capital • http://pubdocs.worldbank.org/en/562231555089594602/HCP-Africa- Plan.pdf • www.worldbank.org/humancapitalproject • https://theolsongroup.com/5-benefits-investing-human-capital/
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