Management and Economics | Open Access |

HR Reform as A Strategic Tool for Development Finance Institutions: Bridging Public-Sector Equity and Private-Sector Efficiency

Deborah Obiajulu Elikwu , NIRSAL Plc, Abuja, Nigeria

Abstract

This paper introduces a comprehensive examination of human resource reform as a strategic catalyst for institutional effectiveness within development finance institutions (DFIs). Drawing on a case study of a Nigerian DFI, the research explores how systematic HR transformation, encompassing standardized job descriptions, redesigned onboarding programs, transparent promotion mechanisms, and enhanced performance management, can strengthen organizational capacity while navigating the complex governance terrain between public accountability and private-sector efficiency. The paper establishes the theoretical foundations for understanding HR innovation in hybrid institutional contexts, articulates the unique challenges facing DFIs in developing economies, and positions HR reform as a critical lever for sustainable institutional resilience. Key contributions include a conceptual framework for hybrid institutional management, empirical insights from the Nigerian context, and practical implications for peer institutions seeking to balance equity imperatives with operational excellence.

Keywords

Equity, DFI, HR, Nigeria, Private-sector, Public-sector

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Elikwu, D. O. (2025). HR Reform as A Strategic Tool for Development Finance Institutions: Bridging Public-Sector Equity and Private-Sector Efficiency. The American Journal of Management and Economics Innovations, 7(8), 160–173. Retrieved from https://www.theamericanjournals.com/index.php/tajmei/article/view/7591