Human Capital Flight can be defined as a scenario where experienced and highly-skilled personnel move out of a country as a form of emigration. This disadvantage is not only peculiar to Nigeria according to today’s guest on John and Helen, Aruosa Osemwegie; it’s a global issue affecting Europe, Asia, the Middle East, and other countries.
The reason for human capital flight vary depending on the country and it includes suppression of freedom, economic stagnation or retrogression, the pursuit of happiness or actualization, insecurity, or unemployment.
He believes that human capital flight is a social challenge and not a global opportunity, but if countries see themselves as the “Us world and not them against us world” then the country losing the talent can deliberately gain, so the country that is gaining the brain and the country that is seemingly losing the brain can partner together to ensure brain circulation this could be done by having programmes that ensure that the global economy benefits from these circulations of talents.
If this is put into practice, innovation increases, key level increases, and the circulation of the brains deliberately. He opines that the mobility of international students in human capital flight is a big investment that can be harnessed.
Osemwegie suggested many ways to reduce brain drain such as strengthening the country security, reducing the rate of unemployment, creating public amenities and infrastructure, strengthen labour laws or institutions so that will reduce egregious capitalist or employers, he also suggested closing diaspora leakages at the federal and state level and many others.
Watch the video for details