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Nigeria Aims To Tap Into $350bn Global Outsourcing Market

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The Nigerian government has entered the burgeoning global outsourcing business, which has generated about $350 billion in revenue for seven top countries, with the goal of capitalizing on its vast work opportunities for the country’s teeming youth population.

As a result, Vice President Kashim Shettima will launch the Outsource To Nigeria Initiative (OTNI) in Gombe State on Monday, March 4, 2024, as a private sector-led, government-enabled program anchored by the Vice President’s Office.

Stanley Nkwocha, the vice president’s spokesman, stated that it is intended to create jobs in the business process and technology-enabled outsourcing sectors.

The initiative is part of President Tinubu’s administration’s efforts and desire to carry out its job-creation program.

Sen. Ibrahim Hadejia, Deputy Chief of Staff to the President (Office of the Vice President), stated at a press conference in Abuja on Thursday that OTNI, if successfully implemented across the country, will be the quickest way to achieve job security for Nigeria’s teeming youth.

He stated that the Office of the Vice President supports the project due to the abundance of job prospects in the flourishing global outsourcing business, which is expected to generate about $350 billion in 2023 for the seven top countries involved.

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Sen. Hadejia stated, “The jobs created in this industry are well-paying, and the market is fast rising, with a predicted value of more than half a trillion dollars by 2030. If we can capture a sizable portion of this market, it will not only be an alternative to oil but also likely the largest employer of young people in the country. This is why it has complete support from the Vice President’s Office.”

“When it comes to what global outsourcing partners are looking for, we are certainly in a better position than most of the countries now involved. We are an English-speaking country, and our IT infrastructure has improved since the beginning of the boom ten years ago. And we have the skill sets, as well as the human resources—young people—to actively participate in this area,” Senator Hadejia added.

The deputy head of Staff asked other state governors to follow Gombe’s lead and use the opportunity presented by the OTNI launch to create good opportunities for youngsters in their states.

Mrs. Amal Hassan, the founder and CEO of Outsource Global and the program’s promoter, stated that the debut of OTNI on March 4 in Gombe, Abuja, and Kaduna will be a watershed moment in Nigeria’s business process and outsourcing sector.

She said that based on the needs of the domestic and foreign markets, the project will gather all talents on a Worknation platform and then provide capacity building based on the worldwide market. It will also establish centers of excellence, participate in worldwide global branding and communication targeted at exhibiting the qualities and skills of Nigerian talents, and deploy trainees to work in the foreign market as well as the local market.

“We are starting with training. We conducted a talent pool and separated all of the talents based on their skill sets and the requirements of the international market, and we developed a systematic training program to meet those needs,” she added.

With OTNI expected to promote Nigeria’s outsourcing industry and create meaningful employment opportunities in the short and long term for youths with diverse skill sets, no fewer than 1,000 Nigerians in Gombe State will be gainfully employed following participant training.

Techrectory with Agency Report.

See also Telecom subscribers spent N3.33trn on data,calls,sms in 2022 - NCC

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Written by Kelvin Bowoto

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