LOCKDOWN COVID-19 REGULATIONS: MOVING NIGERIA'S ENTREPRENEURIAL HUMAN CAPITAL DEVELOPMENT STRATEGIES FROM REACTIVE TO PROACTIVE
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Date
2021-05-31
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TIMBOU-AFRICA ACADEMIC PUBLICATIONS MAY 2021 EDITIONS INTERNATIONAL JOURNAL OF: AFRICAN SUSTAINABLE DEV. RESEARCH VOL5
Abstract
Never in the history of Nigeria has human capital development strategies (HCDS) of many entrepreneurial Businesses
witnessed such amassive digital transformation. Indeed, COVID-19 pandemic and its hurriedly packaged regulations heralded the prominerice of HCDS that center mainly on the mastery of virtual platforms in execution of daily tasks. Hitherto, this status was presumably considered the exclusive preserve of the developed world. This study examined and subsequently established the imports of this inherent transition of Nigeria's entrepreneurial HCDS from reactive to proactive as it were. Content analysis of data from reviewed previously published articles was employed with the aid of desk research as approach for studying the secondary sources. Findings showed that
COVID-19 lockdown regulations forced Nigerian entrepreneurial businesses to embrace execution of daily tasks through virtual interface. Also discovered was the fact that, like their counterparts in the developed world, practically, all small and medium sized enterprises (SMES) in Nigeria were taken unawares by COVID-19 Lockdown,
leaving in its wake, swift clinching to emergency developments and deployments of staff members to handle and execute tasks online. It concluded that the newly adopted HCDS were reactive strategies to COVID-19 lockdown regulations in Nigeria Finally, the study recommended that entrepreneurial businesses in Nigeria should jettison their reactive HCDS for the proactive ones to enable them, among others, cushion the effects of business externalities that threaten survival and sustainability, and chart a new pathway for new business start ups to blossom into maturity in today's COVID-19 invested business world.
Keywords: COMID-19: SMES; Human Capital Development Strategies; Reactive Strategy Proactive Strategy