World bank online course Project

1. Human capital approach: How
will Nigeria fare if this approach
is adopted

2. • YOU CANNOT HOPE TO BUILD A BETTER WORLD WITHOUT
IMPROVING THE INDIVIDUALS.
• NIGERIA CANNOT IMPROVE WITHOUT IMPROVING THE HEALTH AND
EDUCATION OF ITS PEOPLE

3. FACTS
• Africa’s Human Capital Index score of 0.40 puts the region at 40% of
its potential: - GDP per worker could be 2.5 higher if everyone
reached the benchmark of complete education and full health.
• Nigeria ranks 152 out of 157 countries with a human capital index of
0.34 which is very poor and indeed worrisome because the country is
at only 34% of its productive potential
• It is an oil rich nation with very poor outcomes because it spends less
than 4% of its GDP on education and on health

4. Why Africa is where it is?
• “ We are working hard to get rich first, then we will spend on health
and education”……………………. Similar statements from governments
of most African countries.
• 56 per cent of children born today across the world will lose more
than half their potential lifetime earnings because governments are
not currently making effective investments in their people to ensure a
healthy, educated, and resilient population ready for the workplace of
the future………………… World bank development report (2019)

5. Human Capital Approach
This looks at three components which are also measurable

6. Benefits of using the Human Capital approach in Nigeria

7. Bibliography
• Jim Yong Kim (2018). The Human Capital gap. Getting Governments to
invest in people.
• World Development Report (2019). The Changing nature of work.
http://documents.worldbank.org/curated/en/816281518818814423/
pdf/2019-WDR-Report.pdf