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Human capital development in Nigeria enhances economic growth by equipping the workforce with essential skills and knowledge, leading to increased productivity and innovation. It also addresses unemployment by fostering entrepreneurship and improving employability among the youth. Furthermore, investing in education and health contributes to social stability and reduces poverty, ultimately promoting a more equitable society. Overall, it positions Nigeria to better compete in the global economy.

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1mo ago

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What are the characteristics of human capital development?

as we know human capital is one factors of production and its the most important one without there is no development in the world


What are importance of research to national development in nigeria?

Research plays a critical role in Nigeria's national development by driving innovation, informing policy decisions, and fostering economic growth. It helps identify local challenges and solutions tailored to the country's unique context, thereby enhancing productivity in various sectors such as agriculture, health, and technology. Additionally, research contributes to building human capital by advancing education and training, which is essential for a skilled workforce. Ultimately, a strong research foundation can lead to sustainable development and improved quality of life for Nigerians.


Why is human capital considered the best capital?

human capital is consider the best capital bcuz if their will be no human capital so their is no use of other capital also


What is the role of human capital on economic development?

Money. Gain. Profit. Should you wish to refine your question then perhaps the answer could be refined.


What does the therm human capital refer to?

Human capital refers to the collective skills, knowledge, and experiences possessed by individuals that contribute to their economic productivity. It encompasses education, training, and health, which enhance a person’s ability to perform tasks and innovate. Investing in human capital is crucial for personal development and economic growth, as it leads to increased efficiency and competitiveness in the workforce.

Related Questions

Educational expenditure and human capital development in nigeria?

your head sir


What is Nigeria's human capital?

The capital city of Nigeria is Abuja


What are the characteristics of human capital development?

as we know human capital is one factors of production and its the most important one without there is no development in the world


How doe the human capital works?

The Social Human Capital works from the collective and economic benefits of a given society.


How does the Social Human Capital works?

The Social Human Capital works from the collective and economic benefits of a given society.


What is the difference's between human capital and human development?

human capital treat education and health as a means to increase capital wheras human develoment considers as integral to human well being


What is the human development index score for Niger?

Nigeria is ranked 158 out of 182 countries.


Benefits of human capital is most idenrified by the highest percentage of CFOs?

Human capital benefits are most identified by CFOs because they recognize the impact of skilled and knowledgeable employees on a company's financial performance. CFOs understand that investing in employee training and development can lead to increased productivity, innovation, and overall business success. By prioritizing human capital, CFOs can drive long-term sustainable growth and competitive advantage for their organizations.


How is investment affected by human?

Investment is affected by human because they are the once who determine capital development.


Factors which are responsible for development of human resource planning?

Social organization and human capital are the factors that are responsible for human resource planning.


What is the relationship between capital goods and human capital?

Capital goods are generally man-made, and do not include natural resources such as land or minerals, or "human capital" - the intellectual and physical skills and labor provided by human workers.


What are the theories of rural development?

Some key theories of rural development include the agricultural development theory, the livelihoods approach, and the human capital theory. These theories highlight different aspects such as the role of agriculture, sustainable livelihoods, and human resources in promoting rural development.