‘Improved labour performance key to economic growth’

Speaking during a Performance Intelligence conference organised by Profiles Internationals, the Lagos State Commissioner for Budget and Economic Planning, Mr. Ben Akabueze said the importance of productivity to economic growth and development cannot be over-emphasised in public and private sectors, adding that steady growth in productivity guarantees better economic growth.“The need for improved productivity in […]

Speaking during a Performance Intelligence conference organised by Profiles Internationals, the Lagos State Commissioner for Budget and Economic Planning, Mr. Ben Akabueze said the importance of productivity to economic growth and development cannot be over-emphasised in public and private sectors, adding that steady growth in productivity guarantees better economic growth.
“The need for improved productivity in an organisation has become a universally accepted phenomenon that depends on efficient and effective manpower development…absence of such staff development programmes often manifests tripartite problems of incompetence, inefficiency and ineffectiveness,” he added.
According to the Lagos state commissioner, human capital development increases productivity, quality of work, enhances skills, knowledge, understanding, attitude, and also prepare people for achievement.
Country Director Profiles International Nigeria, Tilda Mmegwa, said the conference is part of strategies the organisation had outlined in its quest to help organisations in Nigerian attain true global competitiveness and adopt international best practice in their operations.
Mmegwa noted that there are challenges with effective implementation of policies as well as expected outcomes.
She said “the greatest challenge many organisations have faced in optimising the potential of their human capital base has been that of finding the right methodologies and strategies for getting the best from their workforce and building a constituent, high performance culture.
“We believe the country deserves a private and public and private sector with not only some cutting-edge management knowledge, but also a level of international competitive savvy that would unlock Nigeria’s largely untapped potentials as one of the world’s greatest economic frontiers. We hope to continue to be at the forefront of the amazing journey.”