ADVANCING EDUCATION IN NIGERIA THROUGH HUMAN CAPITAL DEVELOPMENT: THEORETICAL UNDERPINNINGS, PRACTICAL REALITIES AND PROSPECTS
Abstract
This paper explores the crucial role of human capital development in accelerating educational advancement in Nigeria. The theoretical underpinnings emphasize the importance of investing in people to drive organizational success and economic growth. Education is recognized as the backbone of human capital development, equipping individuals with the knowledge, skills, and values needed for personal and professional growth, economic prosperity, and social mobility.In practice, human capital development involves investing in educational programs and initiatives that enhance individuals' knowledge, skills, and competencies. This includes strategies such as increasing access to quality education, teacher training, promoting STEM education and digital literacy, and implementing inclusive education policies.In the Nigerian context, human capital development is essential for improving educational outcomes and workforce readiness. Strengthening the role of education, particularly at the university level, is crucial for building the necessary human capital for sustainable development. This can be achieved through reforms in the educational system, teacher mentorship programs, technology integration workshops, and ongoing learning initiatives.The educational implications of human capital development include improved teaching practices, enhanced student learning outcomes, and overall organizational performance. However, challenges such as limited resources and inadequate training facilities can hinder the effective implementation of human capital development programs.To address these challenges, the paper recommends that the government provide health facilities, on-the-job training, study programs for adults, proper manpower planning, improved infrastructure, and poverty reduction initiatives. These efforts can lead to more efficient management, reduced unemployment, and increased productivity in the education sector, ultimately contributing to sustainable development in Nigeria.
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Key Words:human capital development, educational advancement, educational outcome, workforce readiness, sustainable development.
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