Nigeria, Greatness and the Missing Link II
Nigeria, Greatness and the Missing Link II By Prof. M. K. Othman The picture of Nigeria and its potential to be a great nation was presented in this column last week. It is heartwarming and inspiring to recognize Nigeria’s enormous natural and human resources, but also disheartening to know that these resources are lying idle, with some being plundered. As earlier buttressed, humans are the most important resource, which galvanizes the transformation of other resources to fast-track societal development. How qualitative is Nigeria’s human resource? The major qualitative indicator of human resources in any society is the level of its human capital. Human capital refers to the stock of competencies, skills, knowledge, and personality attributes that individuals embody. These attributes are responsible for creating a high-quality labor force with appreciable economic, social, and personal values. Labor is the most important factor of production. Human capital is therefore a pri...