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Centre harps on human capital development

By on October 13, 2014

The Global Distance Learning Institute, Abuja has called on government and other critical stakeholders to pay more attention to Human Capital Development (HCD) in the country.

This was the resolve at a one day symposium and capacity building session to appraise the dynamics of human capital development and its impact on economic growth.

Speaking at the event, an industrialist and guest speaker at the event , Mazi Sam Ohuabunwa said both the public and private sectors must streamline their policies for a better understanding of human capital development.

Ohuabunwa who spoke on the theme, ‘Financial Education: Financial Preparedness for Entrepreneural Ventures’ harped on the need for scaling up human capital development, stressing that, “ideas must come before money.”

He contended that investment in human capital will create a spiral effects on other sectors of the society, boosting business and the economy.

Also speaking, a lecturer at the centre,  Emeka Uwanaka said the place of human capital in development has been evenly recognised by “international organisations.

Uwanaka explained that this has “increasingly played important roles as part of the ‘international community’ largely concerned with development” sepcifically, as it concerns civic education.

He observed that there are three keys areas where human capital development must a play a crucial role,  stating that, they include health, education and economy.

On health, he stresssd that “the health of the people is a parameter for evaluating a country. The life expectancy at birth is the dimension used. Average life expectancy is 52 years in Nigeria.

“The literacy level in a country determines a lot, as a well informed populace is the most important resource for development.”

Uwanaka stated that proper understanding of human capital development will go a long way to assist in the “common understanding of economic development measured by the average standard of living.”

He said this knowledge enable citizens to be acquinted  with “the GNI per purchasing power parity which serves as a measurement guide.”

Uwanaka concluded by stating that  “inequality is some times used as a dimension to unveil some of the contradictions that basic statistics may not show” which only human capital development can comprehend.

 

 

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