PDF Executive Briefing The Future of Jobs and Skills in Africa Nigeria now ranks 131 on the World Bank's 2020 Doing Business Index, having risen by 39 places since the inauguration of the Presidential Enabling Business Environment Council ("the Council") in 2016, to minimize the constraints associated with doing business in Nigeria. The 2020 HDI puts Nigeria at 161st position out of 189 countries. Human Capital Report 2016 - Reports - World Economic Forum Nigeria records 0.36 points in World Bank's 2020 human capital index Hope Moses-Ashike Sep 16, 2020 Nigeria recorded 0.36 points in the World Bank Group's 2020 Human Capital Index (HCI), indicating 0.01 basis points compared to 0.35 recorded in 2018. For instance, only 69.4% of women and 77.5% of men are literate, and, while gross participation in tertiary education is below 8% for both men and women, there are almost twice as many men than women who obtain scientific and technical degrees. 107 These regulations could negatively impact freedom of expression in the country. The target is to grow installed power generation capacity from 6,000MW in 2009 . Contraceptive prevalence, any method (% of married or in-union women of reproductive age, 15-49 years) 27.6. Nigeria. Nigeria abandons Vision 20:2020, dreams Agenda 2050 | The ... Human Capital - World Bank Nigeria - Human capital index Created3 scenarios that show the lower levels of corruption that Nigeria could have achieved in the past and can achieve in the future . The Index was first published in October 2018 and ranked 157 countries. The Nigerian Government continued to support the National Action Plan for Preventing and Countering Violent Extremism which helps end use and recruitment of child soldiers by identifying and formally separating children from armed groups, including 209 boys and 6 girls in 2020. The description is composed by our digital data assistant. • The World Economic Forum's Human Capital Index finds that Sub-Saharan Africa currently only captures 55% of its human capital potential, compared to a global average of 65%. WHO | Nigeria 2017-2020 aims to achieve macroeconomic stability and economic diversification and there is thus the need to accelerate its implementation progress. September 10, 2020. It was recommended that the Nigerian government openly reports dealings and allows public scrutiny of the petroleum industry transactions and increase the amount budgeted, while tackling . These include the International Covenant on Civil and Political Rights (ICCPR); the UN Convention against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment Nigeria - Human Development Reports The second quarter of 2021 marked three consecutive quarters of economic growth (year-on-year) as the Nigerian economy continues to recover from the headwinds experienced in 2020. Coronavirus outbreak in Nigeria: Burden and socio-medical ... Investment in Human Capital Development Low in Nigeria . Welcome to the Human Capital Project (HCP), a global effort to accelerate more and better investments in people for greater equity and economic growth. CHAPTER 4: Human Capital in Nigeria . Nigerian states by Human Development Index as of 2018, including the Federal Capital Territory. Europe and the Americas: as of October 7, 2020, Nigeria reported 59,583 confirmed cases of COVID-19 and 873 deaths (NCDC, 2020). The statistical confidence interval for the ranking of Nigeria in the GII 2020 is between ranks 114 and 119. This paper examines the impact of tr\ade openness on human capital investment in Nigeria between 1981 and 2020. With an import growth rate of 60.67 per cent in the first . The 2020 special edition is dedicated to elaborating on the priorities for recovery and revival, and considering the building blocks of a transformation towards new economic systems that combine "productivity", "people" and . The oil price continued to fall, and this has adversely affected the fiscal operations of the Federal Government. Nigeria, officially known as the Federal Republic of Nigeria, is a country that is located on the western coast of Africa. This paper examines the impact of tr\ade openness on human capital investment in Nigeria between 1981 and 2020. Nigeria 0.34 153 Liberia 0.32 154 Mali 0.32 155 Niger 0.32 156 South Sudan 0.30 157 In the World Bank Doing Business 2020 Report, Nigeria ranked 183 out of the 190 countries surveyed for registering property, a decline of one point over its 2019 ranking. What is human development index? 0.504. Two thirds of this figure ($99 billion) is generated from commercial sexual exploitation, while another $51 billion results . It documents new evidence on trends, examples of successes, and analytical work on the utilization of human capital. Nigerian States HDI as of 2018. Nigeria's population is projected to grow from more than 186 million people in 2016 to 392 million in 2050, becoming the world's fourth most populous country. FSS 2020 0.3 1.8 2.1 2.7 Nigeria Singapore Taiwan Korea Where we Are: Knowledge Input "It is a lack of investment in human R&D as % of GDP capital, not a lack of investment in physical capital alone, which prevents poor countries from catching up with rich ones. Human . Ita (2020) also rightly asserted that an increase in population growth rate in Nigeria is a key determining factor for human capital development. In spite of these, human capital in Nigeria is grossly under developed. • Human trafficking, a form of modern day slavery, involves the illegal trade of people for exploitation or commercial gain and is a $150 billion global industry. In spite of these, human capital in Nigeria is grossly under developed. The Index was first published in October 2018 and ranked 157 countries. Nigeria's economy expanded by 4% in the third quarter and is projected to grow by up to 3% this year after it contracted in 2020 due to the COVID-19 pandemic. Human Development Index value is determined by combining a country's scores in a vast and wide-ranging assortment of indicators including life expectancy, literacy rate, rural populations' access to electricity, GDP per capita, exports and imports, homicide rate, multidimensional poverty index, income inequality, internet availability, and many . Take Nigeria, which will see nearly 300% rise in its population. For comparison, the world average in 2021 based on 132 countries is 34.30 points. Human Capital Index (HCI) (scale 0-1) - Nigeria from The World Bank: Data The changes included an upward review of fines from 500,000 naira ($1,280) to 5 million naira ($12,840) for hate speech. What is human development index? In a broader perspective, Jaiyeoba (2015) examined the relationship between investment in human capital and economic growth in Nigeria. Nigeria Scenario building Estimating impact Reviewed the empirical literature on the impact of corruption on economic growth to inform our estimates of the link between the corruption perceptions index and GDP. Founded on January 22, 1995, THISDAY is published by THISDAY NEWSPAPERS LTD., 35 Creek Road Apapa, Lagos, Nigeria with offices in 36 states of Nigeria , the Federal Capital Territory and around . Nigeria. Nigeria. Curiously but not surprising, human capital development had a positive though insignificant relationship with economic development in Nigeria for the 13 years. Nigeria has one of the largest stocks of human resources for health (HRH) in Africa but, like the other 57 HRH crisis countries, has densities of nurses, midwives and doctors that are still too low to effectively deliver essential health services (1.95 per 1,000). It appears that Nigeria was underprepared for COVID-19, despite its relative success in containing the Ebola virus disease outbreak in 2013-2016 (Adepoju, 2020). to infrastructural development far more than human capital. Successive years in 2019 and 2020 also has Singapore leading again among 174 economies. A child born in Nigeria today will be 36 percent as productive when she grows up as she could be if she enjoyed complete The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. The World Bank ranked Nigeria the 7th worst country in its 2020 Human Capital Index. In the first rankings, Singapore ranked first on the Human Capital Index. The Global Competitiveness Report Special Edition 2020: How Countries are Performing on the Road to Recovery 5 The 2020 special edition of The Global Competitiveness Report (GCR) series comes out at a very difficult and uncertain historical moment. Human Development Index (HDI), female. The opportunity costs of spending on health is very high and thus the need for a justification on the increase or otherwise of health spending in Nigeria. This page provides the latest reported value for - Nigeria . Nigeria has one of the largest stocks of human resources for health (HRH) in Africa but, like the other 57 HRH crisis countries, has densities of nurses, midwives and doctors that are still too low to effectively deliver essential health services (1.95 per 1,000). Human capital formation is limited in general, yet women are relatively more penalized than men. With the current COVID-19 pandemic, it's even more important to understand why countries should invest in human capital (HC) and protect hard-won gains from being eroded. 0.501 to 0.550. A World Economic Forum's Global Human Capital Index 2017 similarly ranked Nigeria poorly with its 114th position out of 130 countries, thus confirming a steady deterioration. With more than 60% of its population under the age of 25, Sub-Saharan Africa is the world's youngest region. In August 2020, after the coverage period, the NBC published amendments to the Nigerian Broadcasting Code (see B2). The Human Capital Index ranges between 0 and 1, with 1 meaning maximum potential is reached. The 2021 Global Hunger Index is the 16th edition of the Hunger Index (since 2006). 0.551 to 0.600. A country with a comparable value in the same year is also listed. Relative to 2020, Nigeria's trade deficit in the first half of 2021 rose by N3.56 trillion and stood at N5.81 trillion in June 2021. The latest value from 2021 is 20.1 points. 2017-2020 aims to achieve macroeconomic stability and economic diversification and there is thus the need to accelerate its implementation progress. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor . The index takes a life-course approach to human capital, evaluating the levels of education, skills and employment available to people in five distinct age groups, starting from under 15 years to over 65 years. ($1 = 409.91 naira) Register now for . The Global Competitiveness Report series has since its first edition aimed to prompt policy-makers beyond short term growth and to aim for long-run prosperity. Boko Haram killed hundreds of civilians and carried out abductions which targeted women and girls. Nigeria, which currently sits on the UN Human Rights Council, abstained from voting on some key resolutions, including those on the conflicts in Syria and Yemen, and on human rights in Venezuela . The aim is to assess the outcome of past and present . The study employed Vector Auto Regression (VAR) modeling techniques for the analysis. The country features 36 states and its Federal Capital Territory, which is known as Abuja. Warning that global economy has shifted to knowledge-based sectors, the lawmaker raised concerns that Nigeria is ranked 152 out of 157 countries on the World Bank 2018 Human Capital Index List . With an import growth rate of 60.67 per cent in the first . Read about the key findings of Global Hunger Index (GHI) 2021, 2020, 2019 and India's rankings for the IAS Exam. 0.401 to 0.450. 50 Nigeria - Human capital index Human capital index (HCI) (scale 0-1) Definition: The HCI calculates the contributions of health and education to worker productivity. The Human Capital Index 2020 Update: Human Capital in the Time of COVID-19 presents the first update of the HCI, using health and education data available as of March 2020. Human development index of Nigeria increased from 0.47 score in 2005 to 0.54 score in 2019 growing at an average annual rate of 1.07%. THEHUMANCAPITALINDEX Human Capital Index. Thus, the development of human capital becomes more important in many resource constraint countries like Nigeria. Consequently, the Federal Government revised its Fiscal 2020 budget downwards, attributing it to the slowdown in the Nigeria: Human Trafficking Factsheet. NIGERIA 2019 HUMAN RIGHTS REPORT EXECUTIVE SUMMARY Nigeria is a federal republic composed of 36 states and the Federal Capital Territory. This study investigated the effect of human capital investment on economic growth in Nigeria within the periods 1981-2019. Property registration in Lagos required an average of 12 steps over 105 days at a cost of 11.1 percent of the property value while in Kano registering property averages 11 . Gender Inequality Index (GII) n.a. It documents new evidence on trends, examples of successes, and analytical work on the utilization of human capital. The study employed Vector Auto Regression (VAR) modeling techniques for the analysis. According to the National Bureau of Statistics (NBS), real gross domestic product (GDP) grew year-on-year by 5.0% in Q2 2021. The Global Innovation Index is a leading reference for measuring an economy's innovation performance. Nigeria has ranked 47th on the global cybersecurity index (GCI) 2020. Cognizant of this, the government has set job creation and human capital development among its development priorities. 0.451 to 0.500. Competitiveness Index in Nigeria averaged 13.81 Points from 2007 until 2019, reaching an all time high of 48.33 Points in 2019 and a record low of 3.37 Points in 2011. In 2019, human development index for Nigeria was 0.54 score. The Human Capital Index 2020 Update: Human Capital in the Time of COVID-19 presents the first update of the HCI, using health and education data available as of March 2020. Nigerian Capital Markets update. Moving into its 13th edition in 2020, the GII has evolved into a valuable benchmarking tool that facilitates public-private dialogue and that helps policy-makers, business leaders, and other stakeholders to evaluate their innovation progress . Human capital and economic growth have a strong correlation. 4 Figure 2: HDI trends for Nigeria, Congo and Cameroon, 2005-2019 Nigeria's 2019 HDI of 0.539 is above the average of 0.513 for countries in the low human development group and below 0.547the average of for countries in Sub-Saharan Africa. Nigeria 0.95 0.54 0.35 6.00 Best performer SSA average Nigeria (Finland) Lowest performer (Niger) 25.00 5.00 2.00 157 171 189 195 1 1 N/A N/A United Nations Human Development Index (2017)2 Expected Human Capital Index (2016)3.88 Lowest performer (Chad) SSA average Nigeria.41 .34 .29 1 N/A 152 157 World Bank Human capital Index (2018) 2 Demographic profile. In their 2017 [AFP] Vanguard News Nigeria. While Nigeria has made some progress in socio-economic terms in recent years, its human capital development ranked 150 of 157 countries in the World Bank's 2020 Human Capital Index. Also, Vision 2020 estimated "that Nigeria will need to generate electricity in the range of about 35,000MW by 2020. The following table shows the rankings of Nigeria over the past three years, noting that data availability and changes to the GII model framework influence year-on-year comparisons of the GII rankings. The Hunger Index measures countries' performance on four component indicators - undernourishment, child wasting, child stunting and child mortality. Educational attainment and public spending on education are correlated positively . The outbreak of the COVID-19 pandemic has not only led to a global health crisis and deep Nigeria drops 3 places to 161 in UN's 2020 human development index Bunmi Bailey Dec 17, 2020 UNDP introduced a new metric to reflect the impact caused by each country's per-capita carbon emissions and its material footprint. health specific while the others can also be regarded as health enhancing. Human Capital Index (HCI) 2020 HUMAN CAPITAL INDEX 2020 The above tables show the averages of the 5 components of the Human Capital Index and the average of the overall Human Capital Index 2020 i) by region and ii) by income group. The Human Capital Index ranges between 0 and 1, with 1 meaning maximum potential is reached. The average value for Nigeria during that period was 23.85 points with a minimum of 20.1 points in 2020 and a maximum of 28.2 points in 2011. 0.651 to 0.700. 0.601 to 0.650. Nigeria recorded an imported case from Italy on February 27, 2020. Both the armed group Boko Haram and Nigerian security forces continued to commit serious crimes in the north-east, including war crimes and likely crimes against humanity. Successive years in 2019 and 2020 also has Singapore leading again among 174 economies. In 2020, Nigeria made moderate advancement in efforts to eliminate the worst forms of child labor. The averages are calculated based on the latest data available for each country. It ranked 152 (out of 157 countries) on the World Bank's first ever Human Capital Index and overtook India as the poverty capital of the world in 2018. Nigeria is a state party to several regional and international human rights treaties that prohibit the use of torture and other ill-treatment. First launched in 2018, this year's Human Capital Index includes data from 174 countries representing 98 percent of the world's population. Human Capital Index 2020: 116: World Bank: Singapore: Human Development Index 2019: 129: United Nations Development Programme: Norway: World Press Freedom Index 2020: 142: Reporters Without Borders: The World Bank has commended the Government of Kogi State over the state's 2020 audited financial statement. Time series data covering these periods of study were obtained and analyzed using Ordinary Least Square method. In February citizens re-elected President Muhammadu Buhari of the All Progressives Congress party to a second four-year term. Nigeria has not escaped some of the negative consequences of the COVID-19. The final index score ranges from zero to one and measures the productivity as a future worker of child born today relative to the benchmark of full health and complete education. 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