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Human capital flight is the emigration or immigration of individuals who have received advanced training in their home country. The net benefits of human capital flight for the receiving country are sometimes referred to as a " brain gain " whereas the net costs for the sending country are sometimes referred to as a " brain drain ". [ 1 ]
The flight of human capital costs the government over $38 billion annually, two times the revenues received from selling oil. Under the provisions of a five-year development plan, the country is trying to create jobs for its unemployed population, though the results of these efforts have not yet materialized.
Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. [1] Human capital has a substantial impact on individual earnings. [2]
Nigeria should also actively take advantage of the massive youth population and severe as an incubator for manpower, industry and technology development. It was also suggested that the government should strengthen policies and programs which are aimed at actively managing human capital migration from Nigeria by interacting with foreign partners.
Capital flight may be legal or illegal under domestic law. Legal capital flight is recorded on the books of the entity or individual making the transfer, and earnings from interest, dividends, and realized capital gains normally return to the country of origin.
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Human capital flight is mostly seen as "negative" by countries experiencing "brain drain" but does invoke different reactions in differing times and places. So, if you feel you are getting a good balance of views with your edits, please do continue and thank you for your efforts.
It criticizes how the term "brain drain" often overlooks these women while discussing human capital flight, which typically focuses on professionals leaving their home countries. Conversely, " care gain " refers to the benefits for women migrant workers, their families, and the receiving nations.