Employment Relations & Human Resource Management- Conference papers

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Browsing Employment Relations & Human Resource Management- Conference papers by Subject "Economy"

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    Open Access
    Diversification of the Nigerian Economy: Creating a Partnership between Town and Gown
    (University of Lagos, Lagos, Nigeria, 2017) Olusanya, O.A.; Ideh, D.A.
    Diversification of the Nigerian economy is non-negotiable, and partnership among stakeholders is necessary. However, there appears to be a disconnect between the academic institutions and the society they serve, one of the symptoms being the high youth unemployment in the country. This study examined how creating a partnership between town and gown can aid the diversification drive of the Nigerian economy. A qualitative research method was adopted; the paper therefore relied on existing literature to draw its conclusions. The study revealed that improving the educational and research institutions will bring about improvement in the outcome of the diversification drive by the government; and that an improved relationship between ‘town’ and ‘gown’ and the creation of effective educational policies will enhance the acceptability and the relevance of outputs from the educational system by the productive sectors of the economy. The study recommended that: educational policies should promote entrepreneurial skills transfer to strengthen the partnership between town and gown; actions should be taken to transform the educational system to be able to develop knowledge-based products and services for export and local consumption. The paper concluded that until there is an appropriate partnership between educational and research institutions and the society, the diversification of the economy may be an unreachable dream.
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    Open Access
    GLOBAL OIL PRICES AND THE NIGERIAN LABOUR MARKET
    (Lagos State University, Lagos, Nigeria, 2020) Ideh, D.A; Olusanya, O.A.
    Nigeria is both a major exporter of crude oil and major importer of refined petroleum products with high level of unemployment. Nigeria depends on oil for its revenue and as major input in most industrial sectors. This paper examined the opportunities created by the low global oil prices for improving the Nigerian labour market. The study adopted qualitative research approach. The key findings are that fall in oil price provides negative challenges for Nigerian labour market in the short-run but an opportunity for improved employment generation in the long-run. The study concludes that government should take advantage of the fall in oil price to develop other sectors of the Nigerian economy. The paper has contributed to knowledge by establishing among others, that low oil prices create opportunities for nations to improve the labour market conditions.