Productivity Centre advocates knowledge-based economy to boost job creation
Only a knowledge-based economy can jumpstart the nation’s economic growth boost job creation activities, enhance prosperity and the quality of lives of Nigerians, the Director-General of the National Productivity Centre, Dr. Kashim Akor has said.
The NPC boss stated this in Abuja while unveiling some of the latest publications by the Centre.
The publications included Nigerian Productivity Journal: Nigerian Journal of Productivity Science – Volume 2, Number 1 (July-December); Nigerian Productivity Journal: Nigerian Journal of Productivity Science – Volume 2, Number 2 (July-December); An analysis of the determinants of Small and Medium Enterprises (SME’s) Production in Nigeria; Labour Productivity Trends and Productivity Index of Manufacturing Sector (2012-2019); 5S Kaizen in Nigeria – A guide to Kaizen Project and an overview of the socio-economic impact of COVID-19 pandemic and the productivity imperatives.
He stated that the recent slide in the economic fortune of Nigeria occasioned by the fall in the price of crude oil, the mainstay of the economy, demonstrated the indispensability of premising economic growth on the principles of the knowledge economy, an economy built around human capital with little or no emphasis on natural resources.
A statement by the Public Relation Officer of the Centre, Victor Ainoko quoted that Director-General as saying as the nation spends fortune exploring natural resources more should be put on the development of the frontiers of knowledge of the human capital, especially those of the public sector.
Dr. Akor called for improvement in the productivity of the public sector which is charged with caring for societal interest, especially to provide services as and when needed, saying, “this can be enhanced by the acquisition of new thinking or knowledge that is synergetic with changing organizational dynamics and processes.”
The Director-General stated that the recent publications by the Centre are geared towards improving the knowledge of the workplace on the rudiments of productivity and the trend in the various sectors of the economy.
He charged all the critical stakeholders to cultivate a reading culture while calling on the government at all levels to invest heavily in Research and Development (R&D).
The National Productivity Centre is an agency of government charged with the responsibility of stimulating and promoting productivity consciousness in all sectors of the Nigerian economy with the view to enhancing service delivery for the improvement of the standard of living of the citizenry.