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What policies are in place to promote export-oriented education and human capital development?

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(@helen-olamide)
Posts: 2050
Illustrious Member Customer
Topic starter
 
[#3321]

What policies are in place to promote export-oriented education and human capital development?


 
Posted : 29/04/2024 4:58 pm
(@adeyankie)
Posts: 940
Prominent Member Customer
 

The Nigerian government has implemented the following policies to promote export-oriented education and human capital development ¹:

- *Education and health investment*: The government has been advised to sustain economic growth in Nigeria by increasing budgetary allocations to the education and health sectors to boost human capital skills needed to drive a knowledge-based economy.
- *Special agencies establishment*: The government has been advised to establish special agencies with the responsibility of improving the skills and capabilities of human capital across all educational levels of the federation so as to sustain growth in the long run.
- *Import substitution policies*: The Nigerian government has several import substitution policies which aim to increase local production through subsidies, tariffs, quotas, and other barriers to trade.
- *Local content laws*: Local content laws are in place across sectors of the Nigerian economy. Originally introduced to ensure local participation in labor and across the value chain of the oil and gas sector, local content requirements have gradually begun to spread to other sectors such as information and communications technology and advertising.


 
Posted : 29/04/2024 4:59 pm
(@edwardadex233)
Posts: 1000
Noble Member
 

The Nigerian government has created a comprehensive eight-point plan to promote the cultural and creative industries, including 

 

1. Nigeria Destination 2030: A national initiative to grow the arts, culture, and creative economy under one united vision.

2. Skills development: Prioritizing comprehensive training programs to ensure professionals are well-prepared.

3. Policy frameworks: Fast-tracking the improvement, creation, and implementation of policies to stimulate revenue generation, job creation, and sustainable growth.

4. Intellectual Property Protection: Safeguarding artists' and content creators' creations, fostering innovation and creativity.

5. Collaborative governance: Developing a comprehensive strategy for the arts, culture, and creative economy, with a cohesive governance structure and a Creative Economy Advisory Council.

6. Strategic partnerships: Facilitating Public-Private partnerships to stimulate investment and expedite infrastructure development.

7. Clear growth targets: Elevating Nigerian industries to rank among the top 20 globally in terms of GDP contribution, wealth creation, employment, and poverty reduction.

8. Enabling business environments: Prioritizing infrastructural development, digital transformation, and technology integration.


 
Posted : 02/05/2024 6:59 am
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