Human Capital Development As Enabler To Grow Africa's Oil and Gas Production

HUMAN CAPITAL
DEVELOPMENT AS
ENABLER TO GROW
AFRICAS 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)
Background (A)
Africas Youthful Human Capital Landscape
As of mid2011, the
top 10
countries
with the
youngest
population
were in
Africa.
Source: CIA World Fact-book 2009
(Angola, Burkina
Faso, Burundi,
Chad, Congo,
Mali, Mozambique,
Niger, Uganda,
Zambia)
Background (B)
Africas Rapidly Growing Workforce
Source: United Nations Department of Economic and Social Welfare
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 Africas
economy.
Background (C)
Bubble Map of Total Oil Production
Source: http://www.gapminder.org
Africa currently supplies

about 12% of the worlds
oil and has significant
untapped reserves
estimated at 8% of the
worlds 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
The Critical Link

Human Capital is the Critical Link In Growing
Africa Oil and Gas Production
Right Policy
Funding
Technology
Formulated &
Enforced
by Government &
NGOs.
Provided &
Invested
by Informed
Capitalists.
Developed &
Applied
by the Skilled &
Trained.
Human
Capital
The Critical Link

Case Study on The Asian Tigers.
Enabling Strategies...
Close Skill Gap in Oil and Gas Education
Technology
Entrepreneurship
Technopreneur
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.
Skills Upgrade Framework
Personal Skills
Development
Technical Skills
Development
Entrepreneurial
Skills
Development
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
Diaspora-Based Technology Experts
Diaspora Based
Technology
Experts
Human Capital
Africas 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.
10
Increasing Research Networks
Knowledge
Producers
Knowledge
Consumers
Africas is lagging behind in

scientific research production as
measured by the number of
published
articles
in
peerreviewed journals. From 1997 to
2008, Africas 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.
11
Recommendation & Conclusion

1. Creation of database or information systems for policy, skill, career
and entrepreneurial development in Africas oil and gas producing
nations.
2. Appropriate and enabling policies that will act as incentives to the
oil and gas industries to train Africas workforce in key areas that
will ultimately impact in oil and gas production.
12
In Conclusion
The Oil and Gas Industry Can Drive Africas Economy
Agriculture
Power
Refinery
Fuels
$$$
Petrochemicals
Oil & Gas

Education
Banking/
Finance
Insurance
Pharmaceuticals
Manufacturing
Infrastructure
13
THANK
YOU
14

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HUMAN CAPITAL

Source: CIA World Fact-book 2009

Source: United Nations Department of Economic and Social Welfare

By 2040, Africa will

Africa currently supplies

The Critical Link

The Critical Link

A TECHNOPRENUER is an entrepreneur who is technology savvy,

Case Study - Singapore:

Africas is lagging behind in

Recommendation & Conclusion

Oil & Gas

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