Human Capital Development as Enabler to Grow Africa’s Oil and Gas Production

HUMAN CAPITAL

DEVELOPMENT AS

ENABLER TO GROW

AFRICA’S OIL AND GAS

PRODUCTION

OUTLINE

Background

The Critical Link

Enabling Strategies…

Recommendation & Conclusion

Dr Egbogah's Presentation at the SPE 37th Nigeria Annual International Conference & Exhibition (NAICE 2013)

• As of mid-

2011, the

top 10

countries

with the

youngest

population

were in

Africa. • (Angola, Burkina

Faso, Burundi,

Chad, Congo,

Mali, Mozambique,

Niger, Uganda,

Zambia)

Africa’s Youthful Human Capital Landscape

3

Background (A)

Source: CIA World Fact-book 2009


• By 2040, Africa will

have the largest

workforce in the

world, surpassing

China and India.

• These growing

workforce must be

harnessed and

channeled

towards the

productive sectors

of Africa’s

economy.

Africa’s Rapidly Growing Workforce

4

Source: United Nations Department of Economic and Social Welfare


Background (B)

• Africa currently supplies

about 12% of the world’s

oil and has significant

untapped reserves

estimated at 8% of the

world’s proven reserves.

• From proven oil reserves

of 132 billion barrels,

Africa produced nine

million barrels of crude oil

per day (bbl/d) in 2011.

• 81% of this production

came from Nigeria, Libya,

Algeria, Egypt and Angola

in 2011

Bubble Map of Total Oil Production

5

Source: http://www.gapminder.org


Background (C)

Human Capital is the Critical Link In Growing

Africa’ Oil and Gas Production

6

The Critical Link


Right Policy

Formulated & Enforced

by Government & NGOs.

Funding

Provided & Invested

by Informed Capitalists.

Technology

Developed & Applied

by the Skilled & Trained.

Human Capital

Case Study on The Asian Tigers.

7

The Critical Link


A TECHNOPRENUER is an entrepreneur who is technology savvy,

creative, innovative, dynamic, dares to be different and take the

unexplored path, and very passionate about their work.

• Technology and entrepreneurial skills are driving many

economies to prosperity.

Technology Entrepreneurship Technopreneur

Close Skill Gap in Oil and Gas Education

8Dr Egbogah's Presentation at the SPE 37th Nigeria Annual International Conference & Exhibition (NAICE 2013)

Enabling Strategies...

Case Study - Singapore:

The Singapore Workforce Skills Qualifications (WSQ) is a national credentialing

system, developed and managed by the Singapore Workforce Development Agency

(WDA). The WSQ system trains, develops, assesses and recognizes individuals for

competencies that companies are looking for.

Based on national standards developed by the Workforce Development Authority

(WDA) in collaboration with various industries, WSQ comprises industry sectoral

frameworks which serve to:

• Enhance labour market flexibility and skills portability in growing industry with high

demand for skilled workers and professionals

Skills Upgrade Framework

Personal Skills Development

Technical Skills Development

Entrepreneurial Skills

Development

Dr Egbogah's Presentation at the SPE 37th Nigeria Annual International Conference & Exhibition (NAICE 2013) 9


Africa’s strength can be tapped from its human capital in diaspora. For

example, according to United Nations statistics, there are 3.25 million

Nigerians living and working in North America today. Of this, 115,000 are

medical professionals; 174,000 are IT professionals, 87,000 are

pharmacists, 49,500 are engineers and 250,000 are legal, financial, real

estate and business related professionals. This is a resource base

which various Africa nations possess and can harness just as the

nation of Israel.

Diaspora-Based Technology Experts

Diaspora Based Technology

Experts

Human Capital



• Africa’s is lagging behind in

scientific research production as

measured by the number of

published articles in peer-

reviewed journals. From 1997 to

2008, Africa’s output of 27,000

papers is equivalent to the output

of the Netherlands.

• Africa has only one web domain

for every 10,000 people compared

to a global average of 94.

• This can be curbed and reversed

by Africa increasing and

encouraging research networks.

Increasing Research Networks



Knowledge Producers

Knowledge Consumers

1. Creation of database or information systems for policy, skill, career

and entrepreneurial development in Africa’s oil and gas producing

nations.

2. Appropriate and enabling policies that will act as incentives to the

oil and gas industries to train Africa’s workforce in key areas that

will ultimately impact in oil and gas production.


Recommendation & Conclusion

Banking/FinanceInsurance

Petrochemicals

Agriculture

PharmaceuticalsEducation

Manufacturing

Power

RefineryFuels

Infrastructure

The Oil and Gas Industry Can Drive Africa’s Economy

$$$

Oil & Gas

In Conclusion…

13Dr Egbogah's Presentation at the SPE 37th Nigeria Annual International Conference & Exhibition (NAICE 2013)

THANK

YOU14Dr Egbogah's Presentation at the SPE 37th Nigeria Annual International Conference & Exhibition (NAICE 2013)

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Human Capital Development as Enabler to Grow Africa’s Oil and Gas Production