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Framework for Human Capital Development in Nigeria: A Public-Private Partnership Approach

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  • Akande, Emmanuel

Abstract

This paper investigates the framework for human capital development in Nigeria through a public-private partnership (PPP) approach. No doubt, population of a country determines the subsisted human capital resources and this in turn determines the economic status of such country. Therefore, human capital development becomes a mantra for economic development. Unfortunately, government spending on education and health is so negligible as to make any meaningful impact on Nigerian economy. It is for this purpose the participation of the private sector become very crucial and relevant in the development of human capital of Nigeria. Partnership and corporate social responsibility become an elixir for the framework for private sector participation. The moribund education and health sector need total overhauling and upgrading to facilitate a positive change in our economy and the public-private sector partnership is crucial in effecting this change. The benefit of PPP cannot be overemphasized: it enhances the skills and training of the workforce of a firm and consequently increases the productivity of such firm. So there is a greater benefit in navigating PPP in increasing the national output. This paper therefore contributes to extant literature on PPP approach to human capital development.

Suggested Citation

  • Akande, Emmanuel, 2010. "Framework for Human Capital Development in Nigeria: A Public-Private Partnership Approach," MPRA Paper 58173, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:58173
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    File URL: https://mpra.ub.uni-muenchen.de/58173/1/MPRA_paper_58121.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    public-private partnership; human capital resources;

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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