Human as Capital: An Imperative for Africa

Abstract

This study established the imperative for treating the human being in Africa as ‘human capital’ and showing that countries that invested more in human capital development had better economic and human development prospects than the countries that do not. Using comparative analysis, it was found that South Africa had better economic and human development outcomes than Nigeria because it spends more on human capital development as a percentage of Gross Domestic Product (GDP) than Nigeria.