PROPOSED STRATEGY FOR
NIGERIA’S IMPROVEMENT OF ITS
WORKFORCE
DELIVERED BY MARY GOLD
SEPTEMBER 19, 2019
CRUCIAL FACTS TO NOTE
Technological advancement in
Artificial Intelligence Systems
have resulted in a global decline
in traditional jobs.
Countries will be required to
empower their workforce with
more relevant skills in order to
increase human capital
development.
By 2050, more than half of the
world’s population is expected to
be in the Sub-Saharan African
region – World Population
Review.
Nigeria is currently Africa’s most
populous nation.
WHAT ARE THE
ISSUES?
Majority of the population in Nigeria are in
the informal sector, requiring little skills.
There is a dearth of social inclusion as the
government does not have any social
protection programs to hedge against any
unforeseen job losses due to technological
advancements.
10.5 million children are out of school in
Nigeria according to UNICEF.
WHY SHOULD
WE BE
BOTHERED?
There is a prediction that a large number of
children entering primary school in 2018 will
work in occupations that do not yet exist.
This implies that even children currently in
school do not possess the skills required for
adaptability to the changing nature of work,
which is shifting from traditional roles to
specialized roles demanding high level of
education and skill sets.
If nothing is done to improve enrolment in
schools, Nigeria will suffer from a huge lack
human capital necessary for its development.
POSSIBLE SOLUTIONS
The current school curriculum needs to be updated to reflect the change in the nature of work with
emphasis on continual skill acquisition.
Investment in education needs to be heavily increased to cater for the 10.5 million children out of
school through the establishment of more schools to fill the gap, and the improvement of current
school structures to a globally competitive standard.
There needs to be social protection programs to ensure that workers are protected against sudden job
loss due to redundancy as a result of technological advancements.
HOW DO WE FUND THESE PROGRAMS?
The provision of social services should be made subject to enrolment in the database and full disclosure of income in
order to establish the poorest of the poor in the country.
There needs to be a national database in order to track revenue received from individuals and increase collection
efficiency.
We need to increase the tax base to capture a wider net as we currently do not tax the informal sector and this makes
up more than 50% of the workforce in Nigeria currently.
Our nation’s human capital development requires
collaboration between the public and the private
sectors.
The public sector benefits through revenue from taxes
while the private sector benefits through profits derived
as a result of a globally competitive workforce.
Lastly, the nation will no longer rely heavily on oil
revenue or aid as a result of its investment in human
capital.
CONCLUSION
THANK YOU FOR LISTENING!

WB final project

  • 1.
    PROPOSED STRATEGY FOR NIGERIA’SIMPROVEMENT OF ITS WORKFORCE DELIVERED BY MARY GOLD SEPTEMBER 19, 2019
  • 2.
    CRUCIAL FACTS TONOTE Technological advancement in Artificial Intelligence Systems have resulted in a global decline in traditional jobs. Countries will be required to empower their workforce with more relevant skills in order to increase human capital development. By 2050, more than half of the world’s population is expected to be in the Sub-Saharan African region – World Population Review. Nigeria is currently Africa’s most populous nation.
  • 3.
    WHAT ARE THE ISSUES? Majorityof the population in Nigeria are in the informal sector, requiring little skills. There is a dearth of social inclusion as the government does not have any social protection programs to hedge against any unforeseen job losses due to technological advancements. 10.5 million children are out of school in Nigeria according to UNICEF.
  • 4.
    WHY SHOULD WE BE BOTHERED? Thereis a prediction that a large number of children entering primary school in 2018 will work in occupations that do not yet exist. This implies that even children currently in school do not possess the skills required for adaptability to the changing nature of work, which is shifting from traditional roles to specialized roles demanding high level of education and skill sets. If nothing is done to improve enrolment in schools, Nigeria will suffer from a huge lack human capital necessary for its development.
  • 5.
    POSSIBLE SOLUTIONS The currentschool curriculum needs to be updated to reflect the change in the nature of work with emphasis on continual skill acquisition. Investment in education needs to be heavily increased to cater for the 10.5 million children out of school through the establishment of more schools to fill the gap, and the improvement of current school structures to a globally competitive standard. There needs to be social protection programs to ensure that workers are protected against sudden job loss due to redundancy as a result of technological advancements.
  • 6.
    HOW DO WEFUND THESE PROGRAMS? The provision of social services should be made subject to enrolment in the database and full disclosure of income in order to establish the poorest of the poor in the country. There needs to be a national database in order to track revenue received from individuals and increase collection efficiency. We need to increase the tax base to capture a wider net as we currently do not tax the informal sector and this makes up more than 50% of the workforce in Nigeria currently.
  • 7.
    Our nation’s humancapital development requires collaboration between the public and the private sectors. The public sector benefits through revenue from taxes while the private sector benefits through profits derived as a result of a globally competitive workforce. Lastly, the nation will no longer rely heavily on oil revenue or aid as a result of its investment in human capital. CONCLUSION
  • 8.
    THANK YOU FORLISTENING!