Search results
Results from the WOW.Com Content Network
This trend was initially restricted to certain professions but has now become free for all with the introduction of visa programs in order to fill workforce gaps in developed nations. [2] This was sparked by an economic downturn following a period of economic boom in the 1970s and 1980s propelled by the discovery of oil wells in Nigeria. [3]
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]
Most of Nigeria's oil fields are small and scattered, and as of 1990, these small fields accounted for 62.1% of all Nigerian production. This contrasts with the sixteen largest fields which produced 37.9% of Nigeria's petroleum at that time. [194] Petrol was Nigeria's main import commodity until 2021, accounting for 24% of import volume. [195]
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 ]
Rank State HDI (2022) High human development 1 Lagos: 0.721 2 Ebonyi: 0.706 Medium human development 3 Imo: 0.693 4 Federal Capital Territory: 0.678 5
From there on relations with the World Bank and Nigeria flourished. The World Bank has been working with Nigeria to reduce the high rate of poverty, create better human capital, diversify the country's revenue through non-oil sectors, and help with economic management. Up until 2004, the World Bank was slow to release funds and most projects ...
The Nigeria Vision 20: 2020 is a perspective plan; an economic business plan intended to make Nigeria one of the top 20 economies by 2020, with a growth target of not less than $900 billion in GDP and a per capita of not less than $4,000 per annum. The three Pillars of the NV 20:2020 are i) guaranteeing the well-being and productivity of the ...
A human capital contract (or "HCC") is a finance product that allows for the provision of funds to an individual through an "equity-like" arrangement, [1] where the provider of the funds receives a portion of the individual's future income for some specified period of time. Human capital contracts have been advocated by a number of Nobel Prize ...