Poor human capital devt may mar Nigeria’s 2020 global growth rating –Report

Unless more efforts are channeled towards enhancing growth of its human capital, Nigeria may not be among the first 50 countries of the world on the global growth rating by 2020.

This is according to findings by the World Watch, an international arm of the Millennium Development Goals(MDGs).

The report said Nigeria’s aspiration to attaining the expected height, as one of the world’s top twenty economies by the year 2020 (Vision 20: 2020) may not be achievable, given the slur its economy suffered in the past two years, particularly 2016, “which saw the country slip into recession.

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“If the country (Nigeria) fails to develop its huge resource on human capital, natural resources and other endowments, it may lose its projected position in 2020, ” stated the report.

It said there could still be the possibility of making amendments, if the policy thrust of Nigerian government is geared towards targeting improvements in areas of its weakness.

Reviewing the outcome of the Economic Summit Conference, held in Nigeria between March 31 and April 1, 2017, the international agency said most of the resolutions of the meeting were in line with MDGs programme for the next decade, of which 2020 is the benchmark of assessing growth-development and the focus on human capital growth.

It would be recalled that former Nigerian Minister of Information, Frank Nweke, had at the last Economic Summit argued that time was of essence, if Nigeria was to meet other developing countries of the world in measuring favourably on the much-anticipated millennial growth.

But when contacted, the Special Adviser to the President on Nigerians in Diaspora, Abike Dabiri-Erewa, speaking through an aide, said there were programmes in place to encourage Nigerian professionals abroad to bring back home their expertise.

“There are a lot of Nigerians occupying many positions outside the shores of the land that may likely be wrongly accredited to their countries of residence, which will be a minus for Nigeria, but we are working on that,” she stated.

The Nigerian governments at all levels are also advised by the report, as the channels through which changes in the the situation could be seen, to make more efforts aimed at reducing the high level of unemployment, prevalent in the three tiers of government.

 

 

 

 

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