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Tuesday, April 24, 2012

Africa's skills gap

Elaborating further he added that “The summary comparative analysis released this week illustrates that in virtually every key sector of the economy and society, most African countries are operating at between 25 percent to 75 percent of the required human resources capacity. In the health sector for instance giving Nigeria as an example, Nigeria has only about 25 percent of the doctors it needs for a population of over 150 million people, about 45 percent of nurses and midwives, and about 12 percent of pharmacists.

Compared to countries of broadly equivalent population, Nigeria has only 55,376 doctors compared to 264,515 in Japan with a population of 127.1 million and 614,183 doctors in Russia with a population of 140.8 million.

In other words all other factors given, Nigeria requires an additional number of a minimum 240,000 doctors to attain similar health access as Japan.

For nurses and midwives, Nigeria has roughly 224,943 compared to 531,210 in Japan and 1.2 million in Russia: and for pharmacists the numbers are 18,682 in Nigeria compared to 174,890 in Japan.

Friday, April 20, 2012

maintaining structural unemployment is a balancing act

If a certain skill is scarce (supply is low) but much needed by employers (high demand), a worker with those skills has ample bargaining power as regards his/her wage. If there is a surplus of a certain skill (high
supply), which is not much in demand by employers, workers with those skills will have less
bargaining power and may experience unemployment., page 21

However it is better that everyone is skilled enough for their respective fields than there be a scarcity of labour in the labour market.

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