THE CHALLENGES OF HUMAN CAPITAL THEORY IN THE MANAGEMENT OF TEACHER EDUCATION, FOR EDUCATIONAL DEVELOPMENT IN NIGERIA

Abbagana Kolo Korode, Ph.D

ABSTRACT

The paper looked at the challenges of using Human Capital Theory in the management of Teacher Education IN Educational Development in Nigeria. Education as the acquisition of the right type of knowledge, Attitudes, and Skills, has been viewed as an instrument per excellent and important instrument for national development. Teacher Education accelerates the growth of national income (GNP). The basic idea behind the Human Capital Theory is that an educated population will be more productive and contribute to the economic development of a country. Some of the challenges that have limited the ability of teacher education to contribute to the development of Human Capital in the country include; Government policies, Globalization, and low technological advancement. Religious and socio-cultural Demand, level of enrolment and mismanagement and corruption, Review of Curriculum, provision of job training and re-training, and Restructuring of Teacher Education, among others, and solutions to the problems. The implication of the Human Capital Theory is the allocation of resources to teacher education for educational development is also highlighted. The paper concluded that there is a need for professional training teachers as the engine of Human Capital Development for educational development, and education is an engine of growth and essential capital goods. It recommended the continued training and retraining of teachers in line with professional ethics, to meet up with the dynamism in society, particularly the changing school context in terms of Discipline, Pedagogies, and Contents through workshops, seminars, and conferences on job training.

Keywords: Human Capital, Human Capital Theory, Management, Teacher Education, and Educational Development