Nigeria Cannot Build World-Class Economy with Underdeveloped Workforce – CIPM

The Chartered Institute of Personnel Management of Nigeria (CIPM) is urging the nation to invest more in human capital development for the growth of the local economy. At a recent event, CIPM President Mallam Ahmed Ladan Gobir Gobir emphasized that Nigeria's economic struggles stem from underdeveloped workforce rather than a lack of natural resources or talent.

Comparing Nigeria to Singapore, Gobir highlighted how countries with fewer natural advantages have achieved stronger economic outcomes by prioritizing investments in people, skills, institutions, and enterprise. He stressed that without a capable workforce, Nigeria cannot build a world-class economy or compete globally. The Permanent Secretary of the Federal Ministry of Industry, Trade and Investment, Dr. Chris Osa Isokpunwu, echoed the call for developing the right workforce capabilities aligned with local demand, particularly in key sectors like agriculture, digital skills, and technical competencies.

Industry leaders and policymakers also stressed the importance of aligning educational curricula with industry needs, increasing practical workplace exposure, and investing in technology, entrepreneurship, and workforce reskilling, especially in fields like artificial intelligence. The consensus among participants was that developing Nigeria's human capital is no longer optional but a national imperative for achieving sustainable economic growth and industrialization.