Human Capital Development: Solution To Nigeria’s Economic Crises – UK Firm  

By Abigael Joshua

Dr Alim Abubakre, founder of United Kingdom based leadership development organisation, TEXEM UK, says as Nigeria presently faces uncertain times due to economic challenges, massive investment in human capital is a viable solution.

Abubakre spoke on TEXEM website (www.texem.co.uk), in a statement celebrating HR Directors, professionals and the Chartered Institute of Personnel Management of Nigeria, for championing excellence in human capital development.

“We delve into the vital role of Human Resources in unlocking strategic outcomes, particularly pertinent in the challenging landscape Nigerian organisations currently navigate.

“In this era marked by high inflation, stiff competition, high talent exodus, currency risk, and geopolitical uncertainties impacting government revenue, businesses in Nigeria are confronting existential threats.

“These turbulent times demand a paradigm shift, and Human Resources (HR) holds a pivotal role in this transformative journey,” he said.

In the statement titled, ‘Human Resources as a Strategic Leader in Turbulent Times’, Abubakre listed seven strategic areas HR professionals can focus on, drawing inspiration from successful practices beyond Nigeria.

Among these are talent retention in turbulent times, having an agile workforce planning, imbibing diversity, equity, and inclusion, as well asstrategic training and development.

Others are technology integration for HR efficiency, having employee well-being programmes, and strategic workforce planning.

“When HR becomes strategic, the ripple effects are transformative.

“Optimising performance, stimulating innovation, boosting morale, and creating sustainable competitive advantages become attainable goals.

“As we navigate these turbulent times, HR’s role as a strategic partner cannot be overstated,” the TEXEM founder said.

Abubakre said HR professionals, are not merely stewards of the workforce; but are architects of the future.

He called on Nigerian practitioners to embrace the challenges, leverage strategic HR practices, and contribute to the sustainable success of their organisations and the nation at large.

“In the words of Peter Drucker, “The best way to predict the future is to create it.” Let strategic HR be the catalyst in creating a sustainable future for Nigeria,” Abubakre said. (NAN)(www.nannews.ng)

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Edited by Razak Owolabi