Nigeria's Human Capital Index Stagnates at 0.36 in 2024

The article highlights Nigeria's persistent challenges regarding its Human Capital Index, which stood at 0.36 in 2020 and remains unchanged in 2024, ranking the country 161 out of 193 nations. This low score reflects poor socio-economic outcomes, including a poverty rate of 70%, immunization coverage of 36%, and a five-year mortality rate of 110 deaths per 1,000 live births.

The article stresses the importance of developing human capital through substantial public and private investments in health and education, particularly for the youth. It notes that Nigeria's youngest generation, with 36% completing education and facing health challenges, represents a significant potential that remains untapped.

The piece also mentions that despite these challenges, many Nigerians excel in various fields globally, contributing positively to the nation's image. The current administration under President Bola Ahmed Tinubu is urged to prioritize human capital development to bridge the gap toward achieving a more prosperous and harmonious Nigeria.