A Description of the state of Nigeria and how to improve the Economy considering the Future of Work.

1. 21/09/19
Nigeria:
The Way Forward.
OGUNDARE, Ibukunoluwa O.
A participant of the World Bank Group MOOC,
Student of University of Ibadan. Nigeria.

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• Artificial Intelligence, Deep learning, Data Science...These are the
Jobs of the Future.
• Technology is reshaping the skills needed for work. The demand for
less advanced skills that can be replaced by technology is
declining.
• At the same time, the demand for advanced cognitive skills,
sociobehavioral skills, and skill combinations associated with greater
adaptability is rising.
• Technology is blurring the boundaries of the firm, as evident in the
rise of platform marketplaces.
The Future of Work.

3. NIGERIA
HIGH
UNEMPLOYMENT
RATE
Unemployment Rate in
Nigeria increased to
23.10 percent in the third
quarter of 2018
A DEVELOPING
COUNTRY
Nigeria is a developing
country with 35% of the
population living under the
poverty line
INFANT
MORTALITY RATE
The rate of
newborn deaths per
1000 births is 37.
HEALTH AND
EDUCTION
Nigeria Ranks 152 in the
Human Capital index by
WDR.
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4. Your Date Your Footer Here 4
NIGERIA

5. The Economy Of A Country.
PHYSICAL CAPITAL
Investing in physical
capital: machine,
infrastructure,
computers, car,
transport
02
03
01
TECHNOLOGY
Investing in technology,
new idea and better
organization of our
economies
HUMAN
CAPITAL
Investing in
human capital,
education and
health.
There are basically 3 factors that fosters growth in a country:
Technological progress, Physical Structures are all achieved by the human capital
Basically, Human capital is the engine of innovation.

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•Human capital consists of the knowledge, skills, and
health that people accumulate over their lives, enabling
them to realize their potential as productive members of
society.
• It has large payoffs for individuals, societies, and
countries.
HUMAN CAPITAL

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• Health is an important component of human capital. People are more productive
when they are healthier.
• The first 1000 days of a child’s life is very important. This is when the child
develops self control, flexible thinking… Early childhood development programs
enable children to be more resourceful Human capital.
HEALTH

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Investments in nutrition, health, and stimulation in
the first thousand days of life build stronger brains.
The engagement of parents and caregivers during
this phase also matters for the development of
children’s language.
•Deworming one child decreases the chances of
other children becoming infected with worms,
which in turn sets those children up for better
learning and higher wages.
HEALTH & EARLY CHILD DEVELOPMENT.

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•Maternal education, through better prenatal care,
improves infant health. In Pakistan, children
whose mothers have even a single year of
education spend an extra hour a day studying at
home. These individual returns to human capital.
•All these prevents stunting of the child which will
consequently improve the economy.
HEALTH & EARLY CHILD DEVELOPMENT.

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• Demand for workers who can undertake non routine cognitive
tasks, such as high-skilled research, is increasing.
• So is the relative demand for workers able to handle non routine
tasks that cannot be automated easily, such as food preparation.
Conversely, the demand for workers for procedural routine tasks,
which are often performed in middle-skill jobs such as data entry, is
declining because of automation.
TERTIARY EDUCATION.

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•Tertiary education builds transferable sociobehavioral
skills such as teamwork, resilience, self-confidence,
negotiation, and self-expression.
• The role of tertiary education systems as centers of
innovation is highly. The skills, motor self-regulation
skills, as well as social behavior needed for the future we
want is developed in the tertiary institution.
•Well-known examples of successful university innovation
clusters are located in the developed world—in the
United States at Stanford University, University of
California, Berkeley (Silicon Valley).
TERTIARY EDUCATION.

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•In a survey of employers of engineers in India,
sociobehavioral skills were ranked at or above
technical qualifications and credentials in terms
of their significance for the employability of
recent graduates. Employer surveys in Bulgaria,
Georgia, Kazakhstan, the former Yugoslav
Republic of Macedonia, Poland, the Russian
Federation, and Ukraine indicate that employers
see a lack of sociobehavioral skills as at least as
problematic as a lack of technical skills. Forward-
looking universities are finding ways for adult
students to acquire sociobehavioral skills.
TERTIARY EDUCATION.

13. 21/09/19 THE WAY FORWARD 13
The Nigerian government should:
•Invest in human capital, particularly early
childhood education, to develop high-order
cognitive and sociobehavioral skills in addition to
foundational skills.
•Invest in the Educational system, this is one of the
clusters that breed innovation which fosters
growth in the long run.
•Improve the health facilities such that an average
Nigerian has access to basic Medical Needs.
THE WAY FORWARD.

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•World bank Development report 2018
•Human capital index according to world bank
research 2018
•Multiple Indicator Cluster Survey (MICS)
conducted by the Government of Nigeria in
2016/17. (The rate of newborn deaths per 1000
births is 37)
•Trading economics.com
References.

15. 21/09/19 THE WAY FORWARD. 15
Nelson Mandela, the first president of postapartheid South
Africa, once said, “Education is the great engine of
personal development.
It is through education that the daughter of a peasant
can become a doctor, that the son of a mineworker can
become the head of the mine, that the child of a
farmworker can become the president of a great nation. It
is what we make out of what we have, not what we are
given, that separates one person from another.”
Thank you.