ADVERTISEMENT
  • Privacy Policy
  • Terms
  • About us
  • Contact Us
Monday, December 4, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Human capital critical in Africa’s industrialisation drive – Researchers

Africa

The Matters Press by The Matters Press
November 19, 2023
Reading Time: 2 mins read
0
Commission plans to liberate 38% illiterate Nigerians

Nigerians

Addis-Ababa (Ethiopia), Nov.19, 2023: Some researchers at the African Economic Conference (AEC) say human capital is crucial in ensuring Africa’s industrialisation drive is achieved.

RELATED POSTS

U.S. applauds Nigeria’s efforts at bolstering economy

Wheat farmers commend FG’s 50% subsidy on inputs

U.S. to invest $600m in private investments in Africa

The researchers spoke at the 2023 AEC with the theme: “Imperative for Sustainable Development in Africa” on Saturday at a dedicated research session on “Human Capital Development for Industrialisation in Africa.”

A researcher, Segun Awode, while presenting a study on “Enhancing Industrial Productivity and Competitiveness in Africa: A Focus on Technological Innovation and Human Capital Development,” underscored the need for a holistic approach.

Awode said the study revealed a relationship between technological innovation, human capital development, industrial productivity, and competitiveness across the continent.

He said while technological innovation negatively impacted industrial productivity, human capital development was a robust positive influence.

He said the study stressed the symbiotic relationship between technological innovation and human capital development, generating a synergistic positive impact on industrial productivity.

Awode said formulating and implementing policies supporting technological innovation and human capital development wrre imperative for sustainable industrial development in Africa.

He highlighted the need for concerted efforts to facilitate technology transfer partnerships with developed countries and multinational corporations to introduce cutting-edge technologies to local industries.

“We need a strategy that harmonises technological innovation and human capital development for driving the industrial process in Africa.

“It is therefore important for us to invest in human capital development and establish mechanisms for retaining talent.

“There needs to be a revamp of educational curricula to align with industry needs; investments in technical skills and vocational training programmes will bridge the shortage of skilled workers and retain talent within the continent.

Discussing the paper, Mr Moctar Seydou, the National Economist at UNDP, suggested an Africa-centric focus to enhance the paper’s relevance to the continent.

Seydou said that in spite of this critique, the paper provided valuable insights into the intricate dynamics of technological innovation, human capital, and industrial development in Africa.

In another presentation, Micheal Asamoah explored the relationship between foreign direct investment (FDI) and African real sector growth, mediated by human capital.

Asamoah said the study identified significant thresholds in the FDI-real sector growth relationship, emphasising the importance of sector-specific policies for human capital development.

Mr Akim Almouksit presented a paper on structural change and Morocco’s National Initiative for Human Development.

According to Almouksit, the study provides subnational insights, revealing that human development programmes positively affect productivity growth, particularly through structural change.

Meanwhile, Mr Lorenzo Mancini, the Senior Economist at UNDP, commended the authors for their comprehensive approach, acknowledging the significance of subnational insights and challenging them to do deeper research.

The African Development Bank (AfDB), the Economic Commission for Africa, and UNDP jointly hosted the AEC.

The ongoing meeting brings together leaders, youth, African scholars, academics, private sector operators, and development practitioners to deliberate on research and propose policy recommendations on the continent.

Tags: Africa
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

CAC, Pakistani investors on economic diversification
Economy/Technology

U.S. applauds Nigeria’s efforts at bolstering economy

December 4, 2023
Contractor vows to surmount challenges on AKK gas project
Agriculture

Wheat farmers commend FG’s 50% subsidy on inputs

December 4, 2023
Economy/Technology

U.S. to invest $600m in private investments in Africa

December 4, 2023
New naira notes: Rush as long queues of customers flood banks
Economy/Technology

Sanction banks, not customers over BVN, NIN

December 4, 2023
FIRS generates N4.2tn in 10 months
Economy/Technology

FIRS cancels penalties, interests on pending tax liabilities

December 4, 2023
Second Niger bridge ready for use by Christmas 2022
Economy/Technology

Julius Berger hands over 2nd Niger bridge

December 4, 2023
Next Post
Job loss fear confirmed as more AI tools launch

Mbah promises to 40,000 youths on digital, entrepreneurial skills annually

SON sure to certify 75% products in Enugu, Ebonyi states by 2023

SON awards MANCAP certificates to indigenous companies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

N43tn e-payments made in Nigeria

N43tn e-payments made in Nigeria

June 1, 2019
Council seeks incentives to boost indigenous ship operations

5 cargo ships expected at Lagos ports

February 14, 2023
AfDB approves 115m Euros for Rwanda’s water

Dangote, others make case for groundwater protection

April 5, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • The Penis, its global culture

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • U.S. applauds Nigeria’s efforts at bolstering economy
  • Wheat farmers commend FG’s 50% subsidy on inputs
  • U.S. to invest $600m in private investments in Africa

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us