Thursday, December 4, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

COVID-19 and Nigeria’s human capital crisis

by Jonathan Lain, Tara Vishwanath
June 11, 2022
in Finance
Reading Time: 4 mins read
A A
0
Home Finance
Share on FacebookShare on Twitter


Nigeria’s formidable poverty-reduction targets hinge on creating human capital. Most of the drivers of poverty are thought-about intimately in a brand new report, “A Higher Future for All Nigerians: Nigeria Poverty Evaluation 2022.” Well being, vitamin, and training are among the many most important for constructing human capital.

Even previous to COVID-19, Nigeria had a few of the worst human capital outcomes on this planet. Based on the 2020 Human Capital Index (HCI)—primarily based on a spread of markers of well being and training together with toddler mortality, anticipated years of education, sand stunting—a toddler born in Nigeria that yr will develop as much as obtain simply 36 p.c of the productiveness she or he might have attained with full well being and training. This was beneath the typical for sub-Saharan Africa of round 40 p.c. Simply six nations had decrease HCI scores globally.

Relatedly, studying poverty, which captures 10-year-olds’ capability to grasp easy sentences or carry out fundamental numeracy duties, possible proliferated through the pandemic. Whereas studying poverty can’t be estimated instantly for Nigeria as a result of lack of knowledge, it now impacts as much as 70 p.c of youngsters in low- and middle-income nations.

The direct well being results of COVID-19 itself threaten Nigeria’s human capital. The nation recorded its first case of COVID-19 on February 27, 2020 and has subsequently already suffered at the very least 4 distinct waves of an infection, peaking round June 2020, January 2021, August 2021, and January 2022. Nonetheless, recorded case numbers in Nigeria usually remained decrease than within the Americas, Europe, and Asia.

But COVID-19’s impression on the supply of well being and training companies might have extra profound long-term penalties for Nigeria’s human capital growth. On the well being aspect, lockdown measures might have prevented or discouraged sufferers from attending well being services and the pandemic could have displaced different well being companies. Direct proof on service utilization means that outpatient consultations and youngster vaccinations towards different illnesses suffered through the pandemic. Excessive-frequency knowledge collected all through the pandemic via the Nigeria COVID-19 Nationwide Longitudinal Cellphone Survey (NLPS) reinforce this message, exhibiting—for instance—that in July 2020, round 21 p.c of households with youngsters 0-5 years outdated who wanted or have been due for immunizations couldn’t get their youngsters vaccinated.

The COVID-19 disaster threatens future generations additional via its impression on training. College closures throughout 2020 diminished youngsters’s attendance charges even after reopening, particularly amongst older youngsters (Determine 1). Dropout was additionally increased within the households most affected by revenue shocks, suggesting that households eliminated youngsters from faculty in an effort to help income-generating actions. Utilizing the NLPS knowledge at the side of knowledge on the timing of college closures means that Nigerian youngsters misplaced as a lot as 0.29 learning-adjusted years of education, as a result of each elevated dropouts and imperfect mitigation of college shutdowns.

COVID-19 additionally threatens to widen inequality in studying, as entry to distant studying was uneven throughout households. Younger youngsters from non-poor households had higher entry to distant studying choices— via tv, computer systems, and smartphones or tablets—than these from poor households (Determine 2).

Figure 2. Children from poorer households had less opportunity to learn remotely

Because the COVID-19 pandemic abates, rebuilding human capital represents a key fast coverage precedence for Nigeria. Partly this implies increasing vaccination; the broader results of the COVID-19 disaster on human capital, livelihoods, and welfare can solely be addressed if the well being menace is beneath management, and preventative hygiene strategies—reminiscent of handwashing and masking—can solely go thus far. In Could 2022, solely round 13 p.c of the Nigerian inhabitants had obtained even one dose of a vaccine towards COVID-19. The second section of the NLPS additionally means that vaccination charges have been decrease amongst poorer Nigerians from rural areas, partly as a result of they lack info on how or the place to acquire vaccines. Reticence about getting the COVID-19 vaccine might also be proliferating in Nigeria; the nation’s vaccination marketing campaign is in a race towards vaccine hesitancy.

Recouping the educational losses skilled through the pandemic can also be an important component of rebuilding human capital. Nigerians themselves favor increasing in-person studying—particularly by including extra hours to the college day—to assist youngsters catch up. All else equal, encouraging youngsters to return again to high school might assist. But distant choices are wanted that may truly work for poor households within the occasion that colleges should shut once more, given ongoing uncertainty across the path of the pandemic. Excessive-tech choices can’t attain the poor, so low-tech options—together with involving dad and mom and lecturers via textual content messages or broadcasting classes through radio—may very well be extra applicable.

Furthermore, with youngsters—particularly from poor households—having fallen behind through the COVID-19 disaster, curricula could must be tailored to make sure that youngsters can catch up and that studying inequality just isn’t exacerbated. As proof from earlier crises such because the 2005 Pakistan earthquake suggests, overly formidable curricula might race forward of the kids themselves, inflicting studying losses to build up and compound over time. Certainly, there’s rising proof that Educating on the Proper Degree can bolster the sort of catchup and foundational studying that’s required by rigorously assessing youngsters’s wants after which tailoring educating accordingly.

Nonetheless, insurance policies to bolster human capital can’t function in a vacuum; for instance, efforts to rebuild Nigeria’s labor market after the COVID-19 disaster shall be important to make sure the abilities and skills of younger Nigerians will be put to good use. This fashion, constructing human capital may also assist to foster inclusive development, speed up poverty discount, and create a greater future for all Nigerians.



Source link

Tags: CapitalCOVID19crisishumanNigerias
Previous Post

We’re a nation awash in guns and no seeming ability to fix it. What hope do we have?

Next Post

G-III Apparel Group, Ltd (GIII) Q1 2023 Earnings Call Transcript

Related Posts

Private payrolls unexpectedly fell by 32,000

Private payrolls unexpectedly fell by 32,000

by Jeff Cox
December 4, 2025
0

A hiring signal is displayed within the window of a enterprise in Manhattan on Nov. 27, 2025 in New York...

Trump Insider Deals Nosediving Alongside His Polling Numbers

Trump Insider Deals Nosediving Alongside His Polling Numbers

by Nat Wilson Turner
December 4, 2025
0

Trump insider offers in crypto, AI, and drones appear to be taking a success to match his quickly dropping public...

Stocks Pressured by Labor Market Weakness and AI-Demand Concerns

Stocks Pressured by Labor Market Weakness and AI-Demand Concerns

by Barchart
December 3, 2025
0

The S&P 500 Index ($SPX) (SPY) right this moment is down by -0.15%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by...

Daiwa Securities invests Rs 285 cr in Ambit’s wealth management arm

Daiwa Securities invests Rs 285 cr in Ambit’s wealth management arm

by Arijit Barman
December 3, 2025
0

Daiwa Securities Group has agreed to amass a minority 15% stake in Ambit’s wealth administration arm Ambit International Personal Shopper...

Households ‘have been shoring up cash Isas amid uncertain economic backdrop’

Households ‘have been shoring up cash Isas amid uncertain economic backdrop’

by Vicky Shaw
December 3, 2025
0

Signal as much as our free cash publication for funding evaluation and knowledgeable recommendation that can assist you construct wealthSignal...

Tariff impact starting to hit, could cause reduced headcount in 2026

Tariff impact starting to hit, could cause reduced headcount in 2026

by Jeff Cox
December 2, 2025
0

President Donald Trump's tariffs, aimed toward reshoring American jobs misplaced to abroad manufacturing, might find yourself decreasing home head rely...

Next Post
G-III Apparel Group, Ltd (GIII) Q1 2023 Earnings Call Transcript

G-III Apparel Group, Ltd (GIII) Q1 2023 Earnings Call Transcript

PayPal Adds Cryptocurrency Withdrawals and Deposits

PayPal Adds Cryptocurrency Withdrawals and Deposits

HealthEquity, Inc. (HQY) Q3 2026 Earnings Call Transcript

HealthEquity, Inc. (HQY) Q3 2026 Earnings Call Transcript

December 4, 2025
Day One Ventures’ Masha Bucher on why every founder needs to be an influencer

Day One Ventures’ Masha Bucher on why every founder needs to be an influencer

December 4, 2025
In Colombia, anger and disbelief at Trump threats of U.S. strikes

In Colombia, anger and disbelief at Trump threats of U.S. strikes

December 4, 2025
Datadog: The Rare Software Stock Defying The AI Reckoning (DDOG)

Datadog: The Rare Software Stock Defying The AI Reckoning (DDOG)

December 3, 2025
Micron says it will exit its Crucial consumer business, as it doubles down on advanced memory chips used in AI data centers amid a global supply shortage (Arsheeya Bajwa/Reuters)

Micron says it will exit its Crucial consumer business, as it doubles down on advanced memory chips used in AI data centers amid a global supply shortage (Arsheeya Bajwa/Reuters)

December 3, 2025
Private payrolls unexpectedly fell by 32,000

Private payrolls unexpectedly fell by 32,000

December 4, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

HealthEquity, Inc. (HQY) Q3 2026 Earnings Call Transcript

Day One Ventures’ Masha Bucher on why every founder needs to be an influencer

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In