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‘Human capital critical for business, national growth’

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Executive Director, Xpos Technologies, Adeoye Abodunrin

The Executive Director, Xpos Technologies, Adeoye Abodunrin, has said the growth of any business or country is dependent on the quality of human capital expended on it.

Abodunrin said the quality of human capital that can transform any business for success needs the guidance of core professionals, who are adept at what they do ,and can advise on the right attitude to success.

He revealed these assertions at his induction as Fellow of the Institute of Management Consulting (IMC) in Lagos.

According to him the massive migration of talented Nigerians out of the country had impacted on the performance of different sectors of the economy, especially the public sector.

He said: “We are still an economy that relies on a lot of foreign human capital. When you call for an interview, starting from the low-level positions and the topmost positions, you have deficiencies in local human capital. You don’t have too many people who have the knowledge, expertise, experience, skills, ability, and understanding of the techniques that make a business successful.”

With over 25 years of extensive experience spanning the fields of Human Behavioral Psychology, Sales, and Workplace Psychology, he said Nigeria as an economy doesn’t have enough of needed local skills due to educational constraints.

His words: “As an economy, we don’t have enough of it. Our educational system is in comatose; in offices, the handing over of skills set is poor. People are more concerned about survival. The brain drain is happening because of the Canadian migration programme, people are leaving the country in droves because talents will always move from a region of lower appreciation to a region of higher appreciation”.

He stated that the institute can help to address some of the challenges through the creation of a culture of availability of valuable human capital, as at the end of the day, workplace needs human beings that have capital, people that have things inside of them that can be translated for business development.

Adeoye advised President Buhari not to seat on the fence, but as a matter of urgency, should work on the economy through a workable strategic policy, and members of his cabinet must be quickly sorted out so that if he wants to change anybody, he should change them in 30 days without delay.

“The president must have a policy for himself and his cabinet members inclusive with a clear mindset and ideas on how to manage the country’s human capital. The president must also begin massive execution of various projects through agencies and offices that are able to execute projects on the ground, hence the creation of an economy that works which must begin now” he asserted.

Adeoye, the pioneer Director, Brand Value Management and Enterprise Project Management Office, Insight Communications said cross-cultural competencies where the best of all the regions must be assembled should be created for maximal development, instead of the president pitching all posts to a certain region.


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