Human Capital Risk; Who Cares?

When the Nigerian election was postponed, Canada was the top trending tweet. If 10 Nigerians are asked “how many of you know at least one or more person(s) that has packed up their bags, sold all their properties and moved to either Canada, Germany, UK, US, UAE, Amsterdam or even Ghana?”, 10 out of every 10 would definitely have an answer.

Brain drain/human resource migration is not a new phenomenon in Nigeria and in recent times the rate of this migration is increased and on an all-time high. Almost everyone is in search of “greener pastures”.

Human capital is the greatest resource of any nation.

“I’m not worried, we have surplus (Doctors), if we have a surplus, we export; We have a surplus in the medical profession in our country. I can tell you this, it is my area, we have excess. We have enough, more than enough, quote me,” the reckless statement made by the Nigerian Minister of Labour, Dr Chris Ngige.

His colleague, Dr Isaac Adewole (Minister for Health) once cried about the shortfall in numbers of doctors in the country, as Nigeria presently works on 1 doctor per 4,400 people, against the World Health Organization recommendation of 1 doctor per 600 people. There are 88,692 doctors registered with the Medical and Dental Council of Nigeria and over half practice outside the country.

Human capital is the greatest resource of any nation, the same way employees are a company’s greatest asset. There is an urgent need to pay attention to exodus of human capital across organizations and the country at large. The risk aspect of human capital is an aspect many organizations and countries have often disregarded; which has led to non-performance on objectives.

To all workers riding, grinding and adding value, we wish you HAPPY WORKERS DAY. You are the reason your organization and country still stand.

We invite all Employers, Business owners and HRs to this must-attend 1-day Human Capital Risk workshop holding on the 20th June 2019.


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Human Capital Risk Management Workshop

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  • Joachim Adenusi

    Managing Director

    Joachim is a former Director of the Institute of Risk Management (IRM). He is a chartered insurer (ACII) & a certified trainer for the CII and IRM.

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