In the basic teachings of economics, four cardinal factors are responsible for production. They are land, labour, capital and entrepreneurship skills.
In a broader sense, land and capital (finances, machinery etc) are classified under material capital while labour and entrepreneurship skills are classified under human capital. Human capital or human resource has become such a pivotal subject due to the role of people in business and national growth and development.
The immediate past governor of Lagos State and current minister of Works, Power and Housing, Mr. Babatunde Raji Fashola (SAN) once described The Experience Lagos as a “Logistical Phenomenon”.
This weighty acknowledgement from such a person under whose leadership Lagos State witnessed significant improvement in infrastructure, power, governance et al is something worthy of note.
The Experience Lagos and the challenge of job creation
