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Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports. > Blog > Economy > Human Capital Development: Vice President Shettima Launches HCD 2.0 Strategy
Economy

Human Capital Development: Vice President Shettima Launches HCD 2.0 Strategy

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Last updated: November 2, 2024 8:21 pm
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2 years ago
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Enam Obiosio

In a gathering that underscored Nigeria’s commitment to human capital transformation, Vice President Kashim Shettima recently addressed members of the Steering Committee of the Human Capital Development (HCD) Programme at the State House, Abuja.

The event marked the launch of HCD 2.0, a comprehensive strategy aimed at advancing health, education, and economic inclusion for every Nigerian. He emphasized that HCD 2.0 is not merely an initiative but a national commitment to foster a healthier, more educated, and inclusive society.

“This day is more than a milestone; it is the beginning of a new phase,” the Vice President declared, highlighting the significance of the new strategy. “We have laid a strong foundation, and now, we officially launch the second phase of the Human Capital Development strategy—HCD 2.0.” This next phase, Vice President Shettima noted, represents a strengthened blueprint and a vision for Nigeria’s future that addresses the evolving challenges in healthcare, education, and economic inclusivity.

Vice President Shettima recounted the journey leading up to this moment. In 2018, Nigeria faced a stark reality when its global ranking in human capital development revealed significant deficits in health, education, and employment. To counter these challenges, the Nigerian government introduced HCD 1.0, establishing foundational structures and rallying stakeholders from across the nation in pursuit of a unified goal: a healthy, educated, and productive Nigeria by 2030.

The HCD 2.0, however, is designed to build upon this groundwork by adapting to the rapidly shifting global landscape. The strategy seeks to establish an equitable healthcare system, promote inclusive education, and ensure financial accessibility. “Our aim is to ensure that no Nigerian is left behind as we move toward a more inclusive, sustainable society,” he said.

One of the core pillars of HCD 2.0 is creating a modern, equitable healthcare system accessible to all Nigerians, regardless of their location or economic circumstances. Vice President Shettima also ighlighted the introduction of digital health platforms, innovative financing, and climate-resilient practices as essential components of this improved healthcare model. “We envision a system that reaches every Nigerian,” he affirmed.

Education remains another key focus. He emphasized that HCD 2.0 aims to foster a functional education system with a strong emphasis on digital literacy, gender equity, and financial accessibility. By prioritizing Science, Technology, Engineering, and Mathematics (STEM) education, technical and vocational training, and practical skills, the government is preparing Nigerians for a world increasingly driven by technology and green industries.

With the rise of digital economies, HCD 2.0 seeks to bridge Nigeria’s digital divide and boost financial inclusion nationwide. Through fintech solutions, online banking, and digital payment systems, the government is creating pathways for every Nigerian to actively participate in the economy. “Our approach encompasses cross-cutting themes that are essential to the long-term impact of this programme,” Vice President Shettima remarked, emphasizing the interconnected nature of health, education, and economic inclusion.

A critical component of HCD 2.0 is its broad governance framework, designed to foster collaboration between federal and state leaders, private sector partners, civil society, and development agencies. He affirmed that the Steering Committee, chaired by himself and including prominent public and private sector leaders, would oversee the implementation and ensure the efficient rollout of the strategy.

Vice President Shettima lauded the contributions of the Core Working Group, the Private Sector Partners Group, and the National Champions Forum—a coalition including traditional rulers, youth ambassadors, and advocates for human capital development. Together, these groups will monitor progress, inspire engagement, and work tirelessly to deliver measurable results.

As Nigeria inaugurates HCD 2.0, the Vice President set forth ambitious yet attainable targets. By 2030, Nigeria aims to rank among the top 80 countries on the Human Capital Index, reaching a score of 0.6. “These metrics represent more than just numbers; they signify real change in the lives of our people,” he said, pointing to improved healthcare access, enhanced educational outcomes, increased employment opportunities, and a more resilient society.

Vice President Shettima’s speech was also a call to action for all Nigerians. He urged policymakers, community leaders, and citizens to recognize the stakes and rally behind the HCD 2.0 initiative. “This is our moment to shape the Nigeria we envision,” he concluded, extending a vision of a Nigeria that stands strong, united, and prepared to meet future challenges.

As Nigeria embarks on this transformative journey, the HCD 2.0 strategy promises to bring the country closer to a future where every citizen can thrive in a society that values health, education, and economic inclusion. With this initiative, Nigeria reaffirms its commitment to nurturing the potential of its people and securing a legacy of progress and opportunity for future generations.

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